Vanguard Personalized Indexing Management LLC Acquires 65,871 Shares of Hafnia Limited $HAFN

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Hafnia Limited by 110.6% in the second quarter, acquiring an additional 65,871 shares to reach a total of 125,449 shares valued at $626,000.
• Hafnia has a market capitalization of $2.96 billion, a current ratio of 1.21, and recently reported a quarterly revenue of $346.56 million, exceeding analysts' estimates.
• The company declared a quarterly dividend of $0.121 per share with an annualized yield of 8.3%, and its current payout ratio stands at 56.47%.

Vanguard Personalized Indexing Management LLC increased its holdings in Hafnia Limited (NYSE:HAFN - Free Report) by 110.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 125,449 shares of the company's stock after purchasing an additional 65,871 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Hafnia were worth $626,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Exchange Traded Concepts LLC acquired a new position in shares of Hafnia in the 1st quarter worth approximately $117,000. Cambridge Investment Research Advisors Inc. lifted its holdings in Hafnia by 86.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,642 shares of the company's stock valued at $90,000 after buying an additional 10,033 shares during the period. U S Global Investors Inc. boosted its position in Hafnia by 12.6% during 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 last quarter. Naviter Wealth LLC bought a new stake in Hafnia during the first quarter valued at $42,000. Finally, Callan Capital LLC grew its holdings in Hafnia by 27.5% during the 1st quarter. Callan Capital LLC now owns 25,622 shares of the company's stock worth $107,000 after acquiring an additional 5,530 shares during the period.

Analyst Upgrades and Downgrades

HAFN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Hafnia in a report on Wednesday, October 8th. Fearnley Fonds lowered shares of Hafnia from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 3rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $6.50.

Hafnia Stock Down 1.4%

Hafnia stock opened at $5.84 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. The firm's fifty day moving average price is $5.99 and its two-hundred day moving average price is $5.38. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 6.86 and a beta of 0.90. Hafnia Limited has a 1-year low of $3.61 and a 1-year high of $6.59.

Hafnia (NYSE:HAFN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.14 by $0.01. Hafnia had a net margin of 37.26% and a return on equity of 18.74%. The firm had revenue of $346.56 million during the quarter, compared to analyst estimates of $249.42 million.

Hafnia Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Thursday, September 4th were paid a $0.121 dividend. The ex-dividend date was Thursday, September 4th. This represents a $0.48 annualized dividend and a dividend yield of 8.3%. Hafnia's payout ratio is presently 56.47%.

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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