Stegent Equity Advisors Inc. Takes Position in Hafnia Limited $HAFN

Stegent Equity Advisors Inc. acquired a new stake in Hafnia Limited (NYSE:HAFN) in the 2nd quarter, HoldingsChannel reports. The fund acquired 95,736 shares of the company’s stock, valued at approximately $478,000.

A number of other large investors also recently bought and sold shares of HAFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Hafnia by 62.3% in 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 during the period. Jane Street Group LLC raised its holdings in Hafnia by 241.6% in the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock worth $3,392,000 after purchasing an additional 576,629 shares during the period. Canada Pension Plan Investment Board raised its holdings in Hafnia by 504.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 617,051 shares of the company’s stock worth $2,537,000 after purchasing an additional 514,988 shares during the period. PDT Partners LLC raised its holdings in Hafnia by 452.6% in the 1st quarter. PDT Partners LLC now owns 466,177 shares of the company’s stock worth $1,939,000 after purchasing an additional 381,822 shares during the period. Finally, Nuveen LLC acquired a new position in Hafnia in the 1st quarter worth about $1,003,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HAFN shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a report on Saturday. Fearnley Fonds cut Hafnia from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $6.50.

Hafnia Price Performance

Shares of Hafnia stock opened at $6.20 on Friday. The business has a 50 day simple moving average of $6.04 and a two-hundred day simple moving average of $5.43. Hafnia Limited has a 12 month low of $3.61 and a 12 month high of $6.43. The stock has a market capitalization of $3.14 billion, a P/E ratio of 7.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 1.09.

Hafnia (NYSE:HAFN) last announced its earnings results on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. Hafnia had a return on equity of 18.74% and a net margin of 37.26%.The business had revenue of $346.56 million during the quarter, compared to analysts’ expectations 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 issued a dividend of $0.121 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.8%. Hafnia’s dividend 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.