Cercano Management LLC Acquires New Holdings in Hafnia Limited $HAFN

Cercano Management LLC bought a new position in Hafnia Limited (NYSE:HAFN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 264,379 shares of the company’s stock, valued at approximately $1,328,000. Cercano Management LLC owned about 0.05% of Hafnia at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its holdings in shares of Hafnia by 53.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock valued at $26,000 after buying an additional 1,796 shares during the period. TD Asset Management Inc increased its position in Hafnia by 8.2% during the second quarter. TD Asset Management Inc now owns 30,727 shares of the company’s stock valued at $154,000 after acquiring an additional 2,321 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in Hafnia by 8.5% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 33,249 shares of the company’s stock valued at $138,000 after acquiring an additional 2,591 shares during the period. Sigma Planning Corp boosted its position in Hafnia by 20.3% in the first quarter. Sigma Planning Corp now owns 44,450 shares of the company’s stock worth $185,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Avantax Advisory Services Inc. bought a new stake in shares of Hafnia during the 1st quarter valued at about $47,000.

Hafnia Trading Up 1.2%

Shares of NYSE:HAFN opened at $6.50 on Friday. The stock has a 50 day moving average of $6.15 and a 200 day moving average of $5.65. The company has a market cap of $3.29 billion, a PE ratio of 7.64 and a beta of 0.92. Hafnia Limited has a 12-month low of $3.61 and a 12-month high of $6.53. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Hafnia (NYSE:HAFN) last released 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 company had revenue of $346.56 million for the quarter, compared to analysts’ expectations of $249.42 million. Hafnia had a net margin of 37.26% and a return on equity of 18.74%.

Hafnia Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Thursday, September 4th were issued a $0.121 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $0.48 annualized dividend and a yield of 7.5%. Hafnia’s dividend payout ratio is currently 56.47%.

Wall Street Analyst Weigh In

HAFN has been the topic of several recent research reports. Fearnley Fonds cut shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned 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.

Hafnia Company 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.