Glenorchy Capital Ltd Purchases Shares of 101,967 Hafnia Limited (NYSE:HAFN)

Glenorchy Capital Ltd purchased a new stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 101,967 shares of the company's stock, valued at approximately $726,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HAFN. Mondrian Investment Partners LTD bought a new position in shares of Hafnia during the second quarter valued at $43,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Hafnia in the second quarter worth about $60,000. Prudential PLC purchased a new stake in shares of Hafnia during the 2nd quarter worth approximately $100,000. TD Asset Management Inc bought a new position in Hafnia during the second quarter valued at $148,000. Finally, XTX Topco Ltd bought a new stake in Hafnia during the second quarter worth approximately $183,000.

Hafnia Stock Performance

NYSE HAFN traded down $0.03 on Friday, hitting $6.64. 1,019,085 shares of the stock were exchanged, compared to its average volume of 467,098. The business has a fifty day moving average price of $7.45. The stock has a market capitalization of $3.37 billion and a price-to-earnings ratio of 4.23. The company has a quick ratio of 1.33, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. Hafnia Limited has a 52-week low of $5.66 and a 52-week high of $8.99.

Hafnia (NYSE:HAFN - Get Free Report) last issued its earnings results on Friday, August 23rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.09. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. The business had revenue of $417.36 million during the quarter, compared to analysts' expectations of $387.14 million. Sell-side analysts expect that Hafnia Limited will post 1.6 earnings per share for the current fiscal year.

Hafnia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were given a $0.4049 dividend. This represents a $1.62 annualized dividend and a dividend yield of 24.39%. This is an increase from Hafnia's previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, September 3rd. Hafnia's dividend payout ratio is presently 103.19%.

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.