Public Employees Retirement System of Ohio Acquires New Stake in Hafnia Limited $HAFN

Public Employees Retirement System of Ohio acquired a new stake in Hafnia Limited (NYSE:HAFN) during the second quarter, Holdings Channel reports. The fund acquired 352,858 shares of the company’s stock, valued at approximately $2,307,000.

A number of other large investors have also modified their holdings of HAFN. Kestra Advisory Services LLC acquired a new stake in shares of Hafnia in the fourth quarter valued at about $36,000. Royal Bank of Canada lifted its stake in shares of Hafnia by 504.8% in the fourth quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock worth $38,000 after buying an additional 5,997 shares in the last quarter. Smartleaf Asset Management LLC acquired a new position in Hafnia during the fourth quarter worth about $47,000. Blue Trust Inc. acquired a new position in Hafnia during the first quarter worth about $48,000. Finally, State of Wyoming purchased a new stake in Hafnia during the 2nd quarter valued at about $57,000.

Hafnia Trading Up 3.1%

Shares of HAFN opened at $9.21 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25. Hafnia Limited has a 12-month low of $5.17 and a 12-month high of $9.53. The firm has a 50-day moving average price of $7.64 and a 200 day moving average price of $7.75. The firm has a market capitalization of $4.72 billion, a P/E ratio of 6.98 and a beta of 0.65.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Saturday, August 29th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. The firm had revenue of $834.53 million during the quarter, compared to analysts’ expectations of $394.57 million. Hafnia had a net margin of 56.72% and a return on equity of 26.74%.

Hafnia Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.5003 per share. This represents a $2.00 annualized dividend and a dividend yield of 21.7%. The ex-dividend date of this dividend is Tuesday, September 8th. This is a boost from Hafnia’s previous quarterly dividend of $0.29. Hafnia’s dividend payout ratio is presently 87.12%.

Analysts Set New Price Targets

A number of research firms have commented on HAFN. Wall Street Zen upgraded shares of Hafnia from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 30th. Weiss Ratings upgraded Hafnia from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Pareto Securities cut Hafnia to a “hold” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Hafnia currently has an average rating of “Moderate Buy”.

Hafnia Profile

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.