Sigma Planning Corp Buys New Holdings in Hafnia Limited (NYSE:HAFN)

Sigma Planning Corp purchased a new position in shares of Hafnia Limited (NYSE:HAFN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,250 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mondrian Investment Partners LTD purchased a new position in shares of Hafnia during the second quarter worth $43,000. Allspring Global Investments Holdings LLC acquired a new stake in Hafnia during the 2nd quarter worth about $60,000. Prudential PLC purchased a new position in shares of Hafnia during the 2nd quarter valued at about $100,000. TD Asset Management Inc acquired a new position in shares of Hafnia in the 2nd quarter valued at about $148,000. Finally, XTX Topco Ltd purchased a new stake in shares of Hafnia in the second quarter worth about $183,000.

Analyst Ratings Changes

Separately, Jefferies Financial Group reduced their price target on Hafnia from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday.

Hafnia Stock Down 2.6 %

HAFN opened at $5.27 on Monday. The company has a fifty day moving average of $6.67 and a two-hundred day moving average of $7.53. The stock has a market capitalization of $2.67 billion and a price-to-earnings ratio of 3.36. Hafnia Limited has a fifty-two week low of $5.13 and a fifty-two week high of $8.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49.

Hafnia (NYSE:HAFN) last announced its quarterly earnings results on Friday, August 23rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. The firm had revenue of $417.36 million during the quarter, compared to analyst estimates of $387.14 million. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. On average, research analysts expect that Hafnia Limited will post 1.44 earnings per share for the current year.

Hafnia Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.4049 per share. This represents a $1.62 annualized dividend and a dividend yield of 30.73%. 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 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.