GeoSphere Capital Management LLC Takes Position in Hafnia Limited (NYSE:HAFN)

GeoSphere Capital Management LLC bought a new position in Hafnia Limited (NYSE:HAFN - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 330,000 shares of the company's stock, valued at approximately $1,838,000. Hafnia accounts for approximately 0.9% of GeoSphere Capital Management LLC's investment portfolio, making the stock its 24th biggest holding. GeoSphere Capital Management LLC owned 0.07% of Hafnia as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Hafnia by 72.7% during the third quarter. Barclays PLC now owns 2,734,506 shares of the company's stock valued at $19,580,000 after buying an additional 1,151,528 shares during the period. Tidal Investments LLC bought a new position in Hafnia in the 3rd quarter worth $198,000. Syquant Capital Sas purchased a new position in shares of Hafnia during the fourth quarter valued at about $165,000. Assenagon Asset Management S.A. bought a new position in Hafnia in the fourth quarter worth about $3,123,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in Hafnia in the fourth quarter worth about $92,000.

Hafnia Stock Performance

Shares of NYSE HAFN traded up $0.03 during trading on Tuesday, reaching $5.14. 278,350 shares of the company traded hands, compared to its average volume of 1,805,448. Hafnia Limited has a 52-week low of $3.61 and a 52-week high of $8.99. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $4.36 and a 200-day simple moving average of $5.02. The stock has a market capitalization of $2.60 billion and a PE ratio of 3.03.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were given a dividend of $0.0294 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.29%. Hafnia's payout ratio is currently 7.28%.

Analyst Ratings Changes

Separately, Fearnley Fonds upgraded shares of Hafnia to a "strong-buy" rating in a report on Tuesday, May 6th.

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.