Allspring Global Investments Holdings LLC Increases Holdings in Hafnia Limited (NYSE:HAFN)

Allspring Global Investments Holdings LLC lifted its position in Hafnia Limited (NYSE:HAFN) by 654.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,143 shares of the company’s stock after purchasing an additional 46,963 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hafnia were worth $386,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Hafnia in the second quarter worth approximately $2,421,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Hafnia in the 2nd quarter worth $528,000. TD Asset Management Inc purchased a new position in Hafnia in the 2nd quarter worth $148,000. Acadian Asset Management LLC purchased a new position in Hafnia in the 2nd quarter worth $107,651,000. Finally, Prudential PLC purchased a new position in shares of Hafnia during the 2nd quarter valued at about $100,000.

Hafnia Stock Performance

NYSE HAFN opened at $5.78 on Friday. 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 Limited has a fifty-two week low of $5.66 and a fifty-two week high of $8.99. The stock has a 50-day simple moving average of $7.13 and a two-hundred day simple moving average of $7.68. The firm has a market capitalization of $2.93 billion and a P/E ratio of 3.68.

Hafnia (NYSE:HAFN) last posted its quarterly earnings data on Friday, August 23rd. The company reported $0.51 earnings per share (EPS) 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 company had revenue of $417.36 million for the quarter, compared to analysts’ expectations of $387.14 million. On average, equities analysts forecast that Hafnia Limited will post 1.59 earnings per share for the current year.

Hafnia Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.4049 per share. This represents a $1.62 annualized dividend and a dividend yield of 28.02%. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a positive change from Hafnia’s previous quarterly dividend of $0.34. Hafnia’s payout ratio is presently 103.19%.

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.