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

Hsbc Holdings PLC bought a new position in shares of Hafnia Limited (NYSE:HAFN) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 2,915,053 shares of the company’s stock, valued at approximately $24,514,000. Hsbc Holdings PLC owned 0.58% of Hafnia as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HAFN. Acadian Asset Management LLC bought a new stake in shares of Hafnia during the second quarter worth $107,651,000. DekaBank Deutsche Girozentrale acquired a new position in Hafnia in the 2nd quarter worth $23,646,000. Bank of New York Mellon Corp bought a new position in Hafnia during the 2nd quarter worth about $2,421,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Hafnia in the 2nd quarter valued at about $528,000. Finally, TD Asset Management Inc bought a new stake in shares of Hafnia in the second quarter valued at about $148,000.

Hafnia Trading Down 4.4 %

NYSE:HAFN opened at $7.38 on Friday. The stock’s 50-day moving average price is $7.64. Hafnia Limited has a 52-week low of $5.66 and a 52-week high of $8.99. 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 (NYSE:HAFN) last issued its quarterly 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. The business had revenue of $417.36 million for the quarter, compared to the consensus estimate of $387.14 million. As a group, analysts forecast that Hafnia Limited will post 1.6 earnings per share for the current fiscal year.

Hafnia Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 21.95%. This is an increase from Hafnia’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, September 3rd.

About Hafnia

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.