Millennium Management LLC Sells 55,053 Shares of Hafnia Limited (NYSE:HAFN)

Millennium Management LLC decreased its position in Hafnia Limited (NYSE:HAFN - Free Report) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 413,391 shares of the company's stock after selling 55,053 shares during the period. Millennium Management LLC owned 0.08% of Hafnia worth $2,303,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HAFN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Hafnia by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,313,151 shares of the company's stock worth $7,024,000 after acquiring an additional 49,169 shares during the period. GeoSphere Capital Management LLC acquired a new position in shares of Hafnia in the 4th quarter valued at $1,838,000. Graham Capital Management L.P. boosted its position in shares of Hafnia by 1,152.5% in the 4th quarter. Graham Capital Management L.P. now owns 189,798 shares of the company's stock worth $1,057,000 after purchasing an additional 174,644 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Hafnia during the fourth quarter worth $154,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Hafnia by 6.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 594,237 shares of the company's stock worth $3,310,000 after purchasing an additional 34,237 shares during the period.

Analyst Ratings Changes

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

Hafnia Trading Down 2.5%

Hafnia stock traded down $0.13 during midday trading on Tuesday, hitting $5.00. 1,304,198 shares of the stock were exchanged, compared to its average volume of 1,870,321. The stock has a market capitalization of $2.53 billion, a PE ratio of 2.94 and a beta of 0.95. The company has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $4.98. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Hafnia Limited has a 52 week low of $3.61 and a 52 week high of $8.89.

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

Hafnia Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 26th will be given a $0.1015 dividend. This represents a yield of 7.59%. The ex-dividend date of this dividend is Friday, May 23rd. Hafnia's dividend payout ratio is presently 33.06%.

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.