Prudential PLC Has $130,000 Holdings in Hafnia Limited $HAFN

Key Points

• Prudential PLC significantly reduced its stake in Hafnia Limited by 64.4%, selling 57,262 shares and leaving it with 31,708 shares valued at approximately $130,000.
• Several institutional investors, including Marshall Wace LLP and Barclays PLC, have increased their positions in Hafnia, with Marshall Wace's holdings surging by 1,775.4% in the last quarter.
• Hafnia's stock performance includes a beat on earnings per share, reporting $0.13 against an expectation of $0.12, and a substantial dividend yield of 759.0% declared recently.

Prudential PLC lessened its position in Hafnia Limited (NYSE:HAFN - Free Report) by 64.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,708 shares of the company's stock after selling 57,262 shares during the quarter. Prudential PLC's holdings in Hafnia were worth $130,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Hafnia by 8.5% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 33,249 shares of the company's stock worth $138,000 after purchasing an additional 2,591 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Hafnia by 11.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 33,126 shares of the company's stock valued at $178,000 after buying an additional 3,387 shares during the last quarter. WealthCollab LLC bought a new position in Hafnia in the 4th quarter worth approximately $28,000. Callan Capital LLC lifted its holdings in shares of Hafnia by 27.5% during the first quarter. Callan Capital LLC now owns 25,622 shares of the company's stock worth $107,000 after buying an additional 5,530 shares during the last quarter. Finally, U S Global Investors Inc. boosted its position in shares of Hafnia by 12.6% in the first quarter. U S Global Investors Inc. now owns 63,643 shares of the company's stock valued at $262,000 after acquiring an additional 7,135 shares during the period.

Hafnia Stock Performance

HAFN traded up $0.0850 during trading on Wednesday, reaching $5.5850. 704,738 shares of the company's stock were exchanged, compared to its average volume of 2,086,436. The company has a market capitalization of $2.83 billion, a P/E ratio of 4.62 and a beta of 0.91. The company has a quick ratio of 1.12, a current ratio of 1.24 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $5.40 and a 200 day moving average price of $4.94. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $8.26.

Analyst Ratings Changes

Separately, Fearnley Fonds raised shares of Hafnia to a "strong-buy" rating in a research report on Tuesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Strong 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.