Squarepoint Ops LLC Makes New Investment in Hafnia Limited (NYSE:HAFN)

Squarepoint Ops LLC bought a new stake in Hafnia Limited (NYSE:HAFN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 305,224 shares of the company's stock, valued at approximately $1,700,000. Squarepoint Ops LLC owned about 0.06% of Hafnia as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in shares of Hafnia by 11.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,126 shares of the company's stock worth $178,000 after acquiring an additional 3,387 shares during the last quarter. Swiss National Bank lifted its position in shares of Hafnia by 0.6% during the 4th quarter. Swiss National Bank now owns 555,852 shares of the company's stock valued at $2,975,000 after acquiring an additional 3,578 shares during the period. WealthCollab LLC bought a new stake in shares of Hafnia during the 4th quarter valued at $28,000. Sigma Planning Corp lifted its position in shares of Hafnia by 30.8% during the 4th quarter. Sigma Planning Corp now owns 36,950 shares of the company's stock valued at $206,000 after acquiring an additional 8,700 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of Hafnia by 53.6% during the 4th quarter. Quantinno Capital Management LP now owns 27,565 shares of the company's stock valued at $154,000 after acquiring an additional 9,615 shares during the period.

Wall Street Analyst Weigh In

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

Hafnia Price Performance

HAFN traded down $0.13 on Tuesday, reaching $5.00. The stock had a trading volume of 1,304,198 shares, compared to its average volume of 1,876,896. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 2.94 and a beta of 0.95. The firm has a 50-day moving average of $4.63 and a 200-day moving average of $4.98. 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 Limited has a fifty-two week low of $3.61 and a fifty-two week high of $8.62.

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

Hafnia Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 26th will be given 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%.

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.