Public Employees Retirement System of Ohio Sells 308,706 Shares of Hafnia Limited $HAFN

Public Employees Retirement System of Ohio decreased its position in Hafnia Limited (NYSE:HAFN) by 45.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 370,473 shares of the company’s stock after selling 308,706 shares during the period. Public Employees Retirement System of Ohio’s holdings in Hafnia were worth $2,836,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. bought a new position in Hafnia during the 1st quarter worth about $48,000. Kestra Advisory Services LLC purchased a new position in Hafnia in the fourth quarter worth $36,000. Royal Bank of Canada grew its stake in Hafnia by 504.8% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC purchased a new stake in Hafnia in the fourth quarter valued at about $47,000. Finally, GC Wealth Management RIA LLC acquired a new stake in Hafnia in the fourth quarter worth about $53,000.

Hafnia Stock Down 0.1%

Hafnia stock opened at $7.68 on Friday. The business’s 50-day simple moving average is $7.41 and its two-hundred day simple moving average is $7.42. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.60. The company has a market cap of $3.94 billion, a PE ratio of 8.44 and a beta of 0.72. Hafnia Limited has a fifty-two week low of $5.17 and a fifty-two week high of $9.53.

Hafnia (NYSE:HAFN) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter. The firm had revenue of $688.87 million during the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.

Hafnia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Thursday, June 4th were issued a $0.2877 dividend. This is an increase from Hafnia’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.15 annualized dividend and a dividend yield of 15.0%. Hafnia’s payout ratio is currently 126.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HAFN. Wall Street Zen upgraded Hafnia from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 20th. Pareto Securities lowered shares of Hafnia to a “hold” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.