Assenagon Asset Management S.A. Acquires Shares of 583,813 Hafnia Limited (NYSE:HAFN)

Assenagon Asset Management S.A. bought a new position in Hafnia Limited (NYSE:HAFN - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 583,813 shares of the company's stock, valued at approximately $3,123,000. Assenagon Asset Management S.A. owned 0.12% of Hafnia as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of HAFN. Infrastructure Capital Advisors LLC acquired a new position in shares of Hafnia in the 3rd quarter valued at $119,000. DGS Capital Management LLC acquired a new position in Hafnia in the third quarter valued at $121,000. Quantinno Capital Management LP purchased a new stake in Hafnia during the third quarter valued at about $128,000. XTX Topco Ltd acquired a new stake in Hafnia during the second quarter worth about $183,000. Finally, Tidal Investments LLC acquired a new position in shares of Hafnia in the 3rd quarter valued at about $198,000.

Hafnia Stock Down 1.3 %

Hafnia stock traded down $0.07 during trading on Wednesday, reaching $5.04. 3,485,602 shares of the company's stock were exchanged, compared to its average volume of 3,074,039. Hafnia Limited has a 52-week low of $4.99 and a 52-week high of $8.99. The firm has a market cap of $2.55 billion and a price-to-earnings ratio of 2.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. The company's 50-day moving average is $5.51 and its two-hundred day moving average is $6.63.

Hafnia (NYSE:HAFN - Get Free Report) last posted its earnings results on Wednesday, November 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. Hafnia had a return on equity of 36.90% and a net margin of 53.44%.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were paid a dividend of $0.379 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 30.11%. Hafnia's dividend payout ratio is currently 89.41%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group dropped their target price on shares of Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, December 17th.

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.