XTX Topco Ltd Cuts Stock Holdings in Hafnia Limited (NYSE:HAFN)

Key Points

• XTX Topco Ltd has significantly reduced its stock holdings in Hafnia Limited by 79.2%, now owning only 22,275 shares worth $93,000 after selling 84,859 shares.
• Hafnia's recent earnings report showed an EPS of $0.13, exceeding estimates, with a revenue of $340.34 million for the quarter compared to expected $250.80 million.
• The company announced a dividend of $0.1015, representing a notably high dividend yield of 759.0%, paid to shareholders on June 4th.

XTX Topco Ltd reduced its holdings in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 79.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,275 shares of the company's stock after selling 84,859 shares during the quarter. XTX Topco Ltd's holdings in Hafnia were worth $93,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HAFN. WealthCollab LLC bought a new stake in Hafnia during the fourth quarter worth $28,000. Naviter Wealth LLC bought a new stake in Hafnia during the first quarter worth $42,000. Avantax Advisory Services Inc. bought a new stake in Hafnia during the first quarter worth $47,000. Smith Anglin Financial LLC bought a new stake in Hafnia during the first quarter worth $52,000. Finally, Bernard Wealth Management Corp. bought a new stake in Hafnia during the fourth quarter worth $58,000.

Hafnia Stock Performance

Shares of HAFN opened at $5.42 on Friday. The firm has a market cap of $2.74 billion, a PE ratio of 4.48 and a beta of 0.91. The stock's fifty day moving average price is $5.38 and its two-hundred day moving average price is $4.94. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.24 and a quick ratio of 1.12. Hafnia Limited has a 1 year low of $3.61 and a 1 year high of $8.26.

Hafnia (NYSE:HAFN - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $340.34 million for the quarter, compared to analyst estimates of $250.80 million. Hafnia had a return on equity of 26.29% and a net margin of 45.74%.

Hafnia Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th were paid a $0.1015 dividend. The ex-dividend date was Friday, May 23rd. This represents a dividend yield of 759.0%. Hafnia's payout ratio is presently 33.88%.

Analyst Upgrades and Downgrades

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

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.

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