Balyasny Asset Management L.P. Takes $323,000 Position in Hafnia Limited (NYSE:HAFN)

Balyasny Asset Management L.P. acquired a new stake in Hafnia Limited (NYSE:HAFN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 57,985 shares of the company's stock, valued at approximately $323,000.

Several other large investors have also made changes to their positions in the business. Barclays PLC increased its holdings in shares of Hafnia by 72.7% in the third quarter. Barclays PLC now owns 2,734,506 shares of the company's stock worth $19,580,000 after purchasing an additional 1,151,528 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Hafnia in the fourth quarter worth about $3,123,000. Clear Harbor Asset Management LLC bought a new stake in shares of Hafnia in the fourth quarter worth about $92,000. DGS Capital Management LLC increased its holdings in shares of Hafnia by 1,084.9% in the fourth quarter. DGS Capital Management LLC now owns 200,797 shares of the company's stock worth $1,118,000 after purchasing an additional 183,850 shares during the last quarter. Finally, SJS Investment Consulting Inc. bought a new stake in shares of Hafnia in the fourth quarter worth about $89,000.

Hafnia Price Performance

Shares of HAFN stock traded down $0.08 during trading hours on Friday, hitting $5.16. The stock had a trading volume of 1,127,773 shares, compared to its average volume of 1,843,298. Hafnia Limited has a one year low of $3.61 and a one year high of $8.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The stock's 50-day moving average price is $4.54 and its two-hundred day moving average price is $4.99. The stock has a market capitalization of $2.62 billion and a price-to-earnings ratio of 3.04.

Hafnia (NYSE:HAFN - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Hafnia had a return on equity of 36.90% and a net margin of 53.44%. The company had revenue of $340.34 million for the quarter, compared to analysts' expectations of $250.80 million.

Hafnia Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th will be paid a dividend of $0.1015 per share. The ex-dividend date is Friday, May 23rd. This represents a yield of 7.59%. Hafnia's payout ratio is currently 33.06%.

Analyst Upgrades and Downgrades

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

Hafnia Company 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.