U S Global Investors Inc. Buys 7,135 Shares of Hafnia Limited (NYSE:HAFN)

U S Global Investors Inc. lifted its stake in Hafnia Limited (NYSE:HAFN) by 12.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,643 shares of the company’s stock after buying an additional 7,135 shares during the quarter. U S Global Investors Inc.’s holdings in Hafnia were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HAFN. Cambridge Investment Research Advisors Inc. raised its stake in Hafnia by 86.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,642 shares of the company’s stock valued at $90,000 after purchasing an additional 10,033 shares during the period. CWA Asset Management Group LLC bought a new stake in Hafnia during the 1st quarter valued at approximately $583,000. Exchange Traded Concepts LLC bought a new stake in Hafnia during the 1st quarter valued at approximately $117,000. SJS Investment Consulting Inc. raised its stake in Hafnia by 62.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 25,974 shares of the company’s stock valued at $108,000 after purchasing an additional 10,000 shares during the period. Finally, SeaCrest Wealth Management LLC bought a new stake in Hafnia during the 1st quarter valued at approximately $122,000.

Hafnia Stock Down 2.0%

Shares of HAFN opened at $5.08 on Friday. The business’s 50 day moving average is $5.09 and its 200 day moving average is $4.96. The company has a market capitalization of $2.57 billion, a PE ratio of 4.19 and a beta of 0.95. Hafnia Limited has a 12-month low of $3.61 and a 12-month high of $8.44. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.30.

Hafnia (NYSE:HAFN) last released its quarterly earnings data 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 return on equity of 26.29% and a net margin of 45.74%. The business had revenue of $340.34 million for the quarter, compared to the consensus estimate of $250.80 million.

Hafnia Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th were paid a $0.1015 dividend. This represents a yield of 7.59%. The ex-dividend date was Friday, May 23rd. Hafnia’s payout ratio is 33.88%.

Analysts Set New Price Targets

Separately, Fearnley Fonds raised Hafnia to a “strong-buy” rating in a research note 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.