Hsbc Holdings PLC Buys New Shares in Hafnia Limited (NYSE:HAFN)

Hsbc Holdings PLC purchased a new position in shares of Hafnia Limited (NYSE:HAFN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,915,053 shares of the company’s stock, valued at approximately $24,514,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD acquired a new position in shares of Hafnia during the 2nd quarter worth about $43,000. DekaBank Deutsche Girozentrale bought a new position in Hafnia during the second quarter worth about $23,646,000. Prudential PLC acquired a new position in Hafnia during the second quarter worth approximately $100,000. Acadian Asset Management LLC acquired a new position in Hafnia during the second quarter worth approximately $107,651,000. Finally, TD Asset Management Inc bought a new stake in Hafnia in the second quarter valued at approximately $148,000.

Hafnia Trading Down 4.4 %

Shares of NYSE HAFN opened at $7.38 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.40. Hafnia Limited has a 12 month low of $5.66 and a 12 month high of $8.99. The business’s 50 day simple moving average is $7.64.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Friday, August 23rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $417.36 million for the quarter, compared to the consensus estimate of $387.14 million. On average, equities analysts anticipate that Hafnia Limited will post 1.6 earnings per share for the current year.

Hafnia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were paid a $0.4049 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.62 dividend on an annualized basis and a yield of 21.95%. This is a positive change from Hafnia’s previous quarterly dividend of $0.34.

Hafnia Company Profile

Hafnia Limited is a tanker owner, transporting oil, oil products and chemicals for major national and international oil companies, chemical companies as well as trading and utility companies. Hafnia Limited is based in SINGAPORE.