The Manufacturers Life Insurance Company acquired a new stake in Hafnia Limited (NYSE:HAFN – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 29,221 shares of the company’s stock, valued at approximately $246,000.
Other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP bought a new position in Hafnia in the 2nd quarter valued at $1,025,000. Acadian Asset Management LLC purchased a new position in shares of Hafnia during the 2nd quarter valued at $107,651,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Hafnia during the 2nd quarter valued at $4,327,000. Hsbc Holdings PLC purchased a new position in shares of Hafnia during the 2nd quarter valued at $24,514,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Hafnia during the 2nd quarter valued at $2,421,000.
Hafnia Price Performance
Shares of NYSE HAFN opened at $6.64 on Friday. The company’s fifty day moving average price is $7.45. The stock has a market cap of $3.37 billion and a PE ratio of 4.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.33. Hafnia Limited has a one year low of $5.66 and a one year high of $8.99.
Hafnia Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.4049 per share. This is a boost from Hafnia’s previous quarterly dividend of $0.34. 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 24.39%. Hafnia’s dividend payout ratio is 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.
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