Arrowstreet Capital Limited Partnership Has $53.50 Million Stock Position in Hafnia Limited $HAFN

Arrowstreet Capital Limited Partnership reduced its position in Hafnia Limited (NYSE:HAFN) by 1.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,687,851 shares of the company’s stock after selling 109,329 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Hafnia were worth $53,499,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in HAFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Hafnia by 2,389.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 827,583 shares of the company’s stock valued at $4,130,000 after purchasing an additional 794,334 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Hafnia by 241.6% in the first quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock worth $3,392,000 after buying an additional 576,629 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Hafnia by 504.6% during the first quarter. Canada Pension Plan Investment Board now owns 617,051 shares of the company’s stock valued at $2,537,000 after buying an additional 514,988 shares in the last quarter. Finally, PDT Partners LLC raised its position in Hafnia by 452.6% during the first quarter. PDT Partners LLC now owns 466,177 shares of the company’s stock valued at $1,939,000 after buying an additional 381,822 shares during the period.

Hafnia Stock Down 0.2%

HAFN opened at $5.95 on Friday. The company has a market capitalization of $3.02 billion, a PE ratio of 9.75 and a beta of 0.96. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.09. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $6.64. The business has a 50-day moving average of $6.13 and a 200-day moving average of $5.76.

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

Hafnia Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on HAFN shares. Weiss Ratings restated a “hold (c)” rating on shares of Hafnia in a research report on Wednesday, October 8th. Fearnley Fonds raised shares of Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Hafnia has an average rating of “Buy” and an average price target 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.