Legal & General Group Plc Boosts Holdings in Hafnia Limited $HAFN

Legal & General Group Plc boosted its holdings in shares of Hafnia Limited (NYSE:HAFN) by 14.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 731,651 shares of the company’s stock after acquiring an additional 92,514 shares during the period. Legal & General Group Plc’s holdings in Hafnia were worth $3,660,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HAFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Hafnia by 62.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,130,888 shares of the company’s stock worth $8,738,000 after purchasing an additional 817,737 shares in the last quarter. Jane Street Group LLC grew its holdings in Hafnia by 241.6% during the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock valued at $3,392,000 after buying an additional 576,629 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Hafnia by 504.6% during the first quarter. Canada Pension Plan Investment Board now owns 617,051 shares of the company’s stock worth $2,537,000 after buying an additional 514,988 shares in the last quarter. PDT Partners LLC lifted its position in shares of Hafnia by 452.6% in the first quarter. PDT Partners LLC now owns 466,177 shares of the company’s stock valued at $1,939,000 after acquiring an additional 381,822 shares in the last quarter. Finally, Cercano Management LLC purchased a new stake in shares of Hafnia in the second quarter valued at $1,328,000.

Hafnia Price Performance

HAFN opened at $5.96 on Friday. Hafnia Limited has a 12 month low of $3.61 and a 12 month high of $6.64. The business has a 50-day moving average of $6.13 and a two-hundred day moving average of $5.76. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.09. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 9.77 and a beta of 0.96.

Hafnia (NYSE:HAFN) last released its earnings results on Monday, December 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. Hafnia had a net margin of 29.50% and a return on equity of 13.50%. The business had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $256.84 million.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.147 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.59 annualized dividend and a dividend yield of 9.9%. This is a boost from Hafnia’s previous quarterly dividend of $0.12. Hafnia’s dividend payout ratio is presently 78.69%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HAFN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, October 8th. Fearnley Fonds upgraded shares of Hafnia from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $6.50.

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.