Redhawk Wealth Advisors Inc. Acquires New Shares in Hafnia Limited $HAFN

Key Points

• Redhawk Wealth Advisors Inc. acquired 186,723 shares of Hafnia Limited, valued at approximately $932,000, according to its 13F filing with the SEC.
• Hafnia recently announced a quarterly dividend of $0.121 per share, yielding 7.7%, with a payout ratio of 56.47%.
• Analyst sentiments on Hafnia have shifted, with Fearnley Fonds downgrading the stock from a "strong-buy" to a "hold," while its current consensus rating remains a "Moderate Buy" with a price target of $6.50.

Redhawk Wealth Advisors Inc. bought a new position in shares of Hafnia Limited (NYSE:HAFN - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 186,723 shares of the company's stock, valued at approximately $932,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Hafnia by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 11,267,262 shares of the company's stock worth $46,466,000 after purchasing an additional 153,284 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hafnia by 62.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,130,888 shares of the company's stock valued at $8,738,000 after purchasing an additional 817,737 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Hafnia by 6.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,773,846 shares of the company's stock valued at $9,488,000 after acquiring an additional 106,567 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Hafnia in the fourth quarter worth $4,376,000. Finally, Jane Street Group LLC grew its holdings in shares of Hafnia by 241.6% during the first quarter. Jane Street Group LLC now owns 815,341 shares of the company's stock valued at $3,392,000 after buying an additional 576,629 shares during the last quarter.

Hafnia Price Performance

Shares of NYSE HAFN traded up $0.06 during mid-day trading on Monday, reaching $6.11. The company's stock had a trading volume of 330,659 shares, compared to its average volume of 1,984,128. The firm has a market capitalization of $3.09 billion, a PE ratio of 7.18 and a beta of 0.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 1.09. The stock has a fifty day moving average of $5.76 and a two-hundred day moving average of $5.12. Hafnia Limited has a 52 week low of $3.61 and a 52 week high of $7.57.

Hafnia (NYSE:HAFN - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $346.56 million during the quarter, compared to analyst estimates of $249.42 million. Hafnia had a return on equity of 18.74% and a net margin of 37.26%.

Hafnia Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Thursday, September 4th were paid a $0.121 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.9%. The ex-dividend date was Thursday, September 4th. Hafnia's payout ratio is currently 56.47%.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Hafnia has a consensus rating of "Moderate Buy" and an average target price of $6.50.

Hafnia 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.