Hafnia Limited (NYSE:HAFN) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its stake in Hafnia Limited (NYSE:HAFN - Free Report) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,056,334 shares of the company's stock after buying an additional 290,000 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.60% of Hafnia worth $21,350,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Marshall Wace LLP acquired a new position in Hafnia in the 2nd quarter worth $1,025,000. Glenorchy Capital Ltd acquired a new position in shares of Hafnia in the third quarter worth about $726,000. Acadian Asset Management LLC purchased a new position in Hafnia in the second quarter valued at about $107,651,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Hafnia during the 2nd quarter valued at approximately $4,327,000. Finally, Mackenzie Financial Corp purchased a new stake in Hafnia during the 2nd quarter worth approximately $1,784,000.

Hafnia Stock Down 2.8 %

Shares of Hafnia stock traded down $0.17 on Tuesday, hitting $5.89. 2,912,001 shares of the company's stock traded hands, compared to its average volume of 520,075. The company has a quick ratio of 1.33, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm's 50-day moving average is $7.28 and its 200 day moving average is $7.72. The stock has a market cap of $2.99 billion and a P/E ratio of 3.77. 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 announced its quarterly earnings data 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. The company had revenue of $417.36 million during the quarter, compared to analyst estimates of $387.14 million. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. Equities analysts anticipate that Hafnia Limited will post 1.6 earnings per share for the current year.

Hafnia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.4049 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.62 annualized dividend and a yield of 27.50%. This is a boost from Hafnia's previous quarterly dividend of $0.34. Hafnia's dividend payout ratio is presently 103.18%.

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.