Mirabella Financial Services LLP Invests $3.18 Million in Hafnia Limited (NYSE:HAFN)

Mirabella Financial Services LLP bought a new position in Hafnia Limited (NYSE:HAFN) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 445,992 shares of the company’s stock, valued at approximately $3,175,000. Mirabella Financial Services LLP owned approximately 0.09% of Hafnia at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD purchased a new stake in shares of Hafnia during the 2nd quarter worth approximately $43,000. Allspring Global Investments Holdings LLC bought a new position in Hafnia during the second quarter valued at $60,000. Prudential PLC bought a new position in Hafnia during the second quarter valued at $100,000. TD Asset Management Inc purchased a new position in shares of Hafnia in the 2nd quarter worth $148,000. Finally, XTX Topco Ltd bought a new stake in shares of Hafnia in the 2nd quarter worth about $183,000.

Hafnia Stock Performance

NYSE:HAFN opened at $5.49 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49. The stock’s fifty day moving average is $6.52 and its 200 day moving average is $7.44. The firm has a market capitalization of $2.78 billion and a PE ratio of 3.53. Hafnia Limited has a fifty-two week low of $5.13 and a fifty-two week high of $8.99.

Hafnia (NYSE:HAFN) last released its earnings results 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 net margin of 47.30% and a return on equity of 34.28%. The firm had revenue of $417.36 million during the quarter, compared to analyst estimates of $387.14 million. On average, sell-side analysts anticipate that Hafnia Limited will post 1.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered their price target on shares of Hafnia from $9.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

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.