111 Capital Makes New $206,000 Investment in Hafnia Limited $HAFN

111 Capital purchased a new stake in Hafnia Limited (NYSE:HAFN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 40,937 shares of the company’s stock, valued at approximately $206,000.

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

Hafnia Stock Performance

Shares of NYSE:HAFN opened at $5.99 on Wednesday. The firm has a market cap of $3.03 billion, a PE ratio of 7.04 and a beta of 0.90. The firm’s 50 day simple moving average is $5.95 and its 200-day simple moving average is $5.27. Hafnia Limited has a one year low of $3.61 and a one year high of $7.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.21.

Hafnia (NYSE:HAFN) last issued its earnings results on Wednesday, August 27th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The business had revenue of $346.56 million for the quarter, compared to analyst estimates of $249.42 million. Hafnia had a net margin of 37.26% and a return on equity of 18.74%.

Hafnia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Thursday, September 4th were paid a dividend of $0.121 per share. The ex-dividend date was Thursday, September 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.1%. Hafnia’s dividend payout ratio (DPR) is currently 56.47%.

Wall Street Analysts Forecast Growth

HAFN has been the topic of a number of recent analyst reports. Fearnley Fonds lowered shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Hafnia presently has an average rating of “Hold” and an average 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.