Public Employees Retirement System of Ohio Takes Position in Hafnia Limited (NYSE:HAFN)

Public Employees Retirement System of Ohio purchased a new position in shares of Hafnia Limited (NYSE:HAFN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 818,054 shares of the company's stock, valued at approximately $4,376,000. Public Employees Retirement System of Ohio owned about 0.16% of Hafnia at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Vise Technologies Inc. acquired a new stake in shares of Hafnia in the fourth quarter valued at about $71,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Hafnia by 36.0% in 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. USS Investment Management Ltd acquired a new stake in shares of Hafnia during the 4th quarter valued at approximately $399,000. Squarepoint Ops LLC purchased a new stake in shares of Hafnia during the 4th quarter worth approximately $1,700,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Hafnia by 53.6% in the 4th quarter. Quantinno Capital Management LP now owns 27,565 shares of the company's stock worth $154,000 after acquiring an additional 9,615 shares during the period.

Wall Street Analyst Weigh In

Separately, Fearnley Fonds raised shares of Hafnia to a "strong-buy" rating in a report on Tuesday, May 6th.

Hafnia Trading Down 2.5%

Shares of HAFN traded down $0.13 during mid-day trading on Tuesday, reaching $5.00. The company had a trading volume of 1,304,198 shares, compared to its average volume of 1,876,896. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $8.62. The firm has a fifty day simple moving average of $4.63 and a 200-day simple moving average of $4.98. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 2.94 and a beta of 0.95. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34.

Hafnia (NYSE:HAFN - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Hafnia had a return on equity of 36.90% and a net margin of 53.44%. The firm had revenue of $340.34 million for the quarter, compared to analysts' expectations of $250.80 million.

Hafnia Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 26th will be issued a dividend of $0.1015 per share. The ex-dividend date is Friday, May 23rd. This represents a dividend yield of 7.59%. Hafnia's payout ratio is 33.06%.

Hafnia Company Profile

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.