Petrus Trust Company LTA Sells 101,379 Shares of Hafnia Limited $HAFN

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 decreased its stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 86.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Hafnia by 86.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,642 shares of the company's stock worth $90,000 after buying an additional 10,033 shares during the period. BNP Paribas Financial Markets bought a new stake in Hafnia in the 4th quarter valued at about $1,472,000. Exchange Traded Concepts LLC bought a new stake in Hafnia in the 1st quarter valued at about $117,000. TD Asset Management Inc boosted its holdings in Hafnia by 38.5% in the 1st quarter. TD Asset Management Inc now owns 28,406 shares of the company's stock valued at $116,000 after purchasing an additional 7,892 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Hafnia by 36.0% in the 4th 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 purchasing an additional 62,701 shares during the period.

Hafnia Stock Performance

Shares of Hafnia stock opened at $6.16 on Thursday. The company has a 50 day moving average of $5.63 and a 200-day moving average of $5.03. Hafnia Limited has a 1-year low of $3.61 and a 1-year high of $7.84. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The company has a market cap of $3.12 billion, a PE ratio of 7.24 and a beta of 0.93.

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

Hafnia Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Thursday, September 4th were issued a dividend of $0.121 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Thursday, September 4th. Hafnia's dividend payout ratio is 56.47%.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds downgraded shares of Hafnia from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, Hafnia has an average rating of "Moderate Buy" and an average target price of $6.50.

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.

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