UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in Hafnia Limited (NYSE:HAFN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Hafnia Limited (NYSE:HAFN - Free Report) by 36.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,711 shares of the company's stock after buying an additional 62,701 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Hafnia were worth $1,318,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership grew its stake in Hafnia by 125.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company's stock valued at $64,223,000 after acquiring an additional 6,530,482 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Hafnia by 1,775.4% during the 4th quarter. Marshall Wace LLP now owns 2,124,012 shares of the company's stock worth $11,831,000 after purchasing an additional 2,010,753 shares during the last quarter. Barclays PLC boosted its holdings in shares of Hafnia by 60.7% during the 4th quarter. Barclays PLC now owns 4,395,133 shares of the company's stock worth $24,481,000 after purchasing an additional 1,660,627 shares during the last quarter. GeoSphere Capital Management LLC purchased a new stake in Hafnia in the 4th quarter valued at $1,838,000. Finally, Squarepoint Ops LLC acquired a new stake in Hafnia during the fourth quarter worth about $1,700,000.

Hafnia Price Performance

Shares of NYSE:HAFN opened at $5.26 on Monday. Hafnia Limited has a one year low of $3.61 and a one year high of $8.44. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 3.09 and a beta of 0.95. The company has a 50-day simple moving average of $4.69 and a 200-day simple moving average of $4.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70.

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

Hafnia Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, May 26th were given a dividend of $0.1015 per share. This represents a yield of 7.59%. The ex-dividend date of this dividend was Friday, May 23rd. Hafnia's dividend payout ratio is presently 33.06%.

Analysts Set New Price Targets

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

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.

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