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

Millennium Management LLC reduced its stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 413,391 shares of the company's stock after selling 55,053 shares during the period. Millennium Management LLC owned approximately 0.08% of Hafnia worth $2,303,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. WealthCollab LLC acquired a new stake in Hafnia during the 4th quarter worth approximately $28,000. Wells Fargo & Company MN raised its holdings in shares of Hafnia by 7,756.1% in the fourth quarter. Wells Fargo & Company MN now owns 18,776 shares of the company's stock valued at $105,000 after purchasing an additional 18,537 shares during the last quarter. Callan Capital LLC acquired a new stake in shares of Hafnia in the fourth quarter valued at approximately $112,000. Virtu Financial LLC acquired a new stake in shares of Hafnia in the fourth quarter valued at approximately $117,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Hafnia in the fourth quarter valued at approximately $124,000.

Hafnia Stock Up 1.5%

Shares of NYSE HAFN traded up $0.08 during midday trading on Thursday, reaching $5.13. The company's stock had a trading volume of 1,244,615 shares, compared to its average volume of 1,886,136. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $8.50. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of 3.01 and a beta of 0.95. The stock has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $4.98.

Hafnia (NYSE:HAFN - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) 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 company had revenue of $340.34 million for the quarter, compared to the consensus estimate of $250.80 million.

Hafnia Dividend Announcement

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

Analyst Ratings Changes

Separately, Fearnley Fonds upgraded shares of 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.