Hafnia Limited $HAFN Position Trimmed by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA sold 101,379 shares of Hafnia Limited, reducing its stake by 86.6% to 15,748 shares, valued at $66,000.
• Hafnia recently reported a quarterly earnings per share of $0.15, surpassing analysts' expectations, with a net margin of 37.26% and revenue of $346.56 million.
• The company declared a quarterly dividend of $0.121 per share, yielding 7.9%, with a dividend payout ratio of 56.47%.

Petrus Trust Company LTA trimmed its holdings in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 86.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,748 shares of the company's stock after selling 101,379 shares during the period. Petrus Trust Company LTA's holdings in Hafnia were worth $66,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. lifted its position in Hafnia by 86.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,642 shares of the company's stock valued at $90,000 after buying an additional 10,033 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Hafnia during the fourth quarter valued at approximately $1,472,000. Exchange Traded Concepts LLC acquired a new position in Hafnia during the first quarter valued at approximately $117,000. TD Asset Management Inc lifted its position in Hafnia by 38.5% during the first quarter. TD Asset Management Inc now owns 28,406 shares of the company's stock valued at $116,000 after buying an additional 7,892 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Hafnia by 36.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 236,711 shares of the company's stock valued at $1,318,000 after buying an additional 62,701 shares in the last quarter.

Analyst Ratings Changes

Separately, Fearnley Fonds cut shares of Hafnia from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $6.50.

Hafnia Stock Up 0.3%

HAFN traded up $0.02 during trading on Tuesday, hitting $6.33. The company had a trading volume of 1,039,962 shares, compared to its average volume of 1,270,502. The company has a market cap of $3.21 billion, a PE ratio of 7.45 and a beta of 0.93. The business has a 50-day moving average of $5.70 and a 200-day moving average of $5.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 1.09. Hafnia Limited has a 1-year low of $3.61 and a 1-year high of $7.84.

Hafnia (NYSE:HAFN - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01. The firm had revenue of $346.56 million for the quarter, compared to analysts' expectations of $249.42 million. Hafnia had a net margin of 37.26% and a return on equity of 18.74%.

Hafnia Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Thursday, September 4th were issued a $0.121 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.48 annualized dividend and a yield of 7.6%. Hafnia's dividend payout ratio is currently 56.47%.

About Hafnia

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.