Graham Capital Management L.P. Boosts Stock Holdings in Hafnia Limited (NYSE:HAFN)

Graham Capital Management L.P. increased its stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 1,152.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 189,798 shares of the company's stock after purchasing an additional 174,644 shares during the period. Graham Capital Management L.P.'s holdings in Hafnia were worth $1,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its holdings in shares of Hafnia by 125.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company's stock valued at $64,223,000 after purchasing an additional 6,530,482 shares during the last quarter. Vanguard Group Inc. raised its position in Hafnia by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 11,113,978 shares of the company's stock worth $59,449,000 after acquiring an additional 190,352 shares during the period. Barclays PLC raised its position in Hafnia by 60.7% in the fourth quarter. Barclays PLC now owns 4,395,133 shares of the company's stock worth $24,481,000 after acquiring an additional 1,660,627 shares during the period. Marshall Wace LLP raised its position in Hafnia by 1,775.4% in the fourth quarter. Marshall Wace LLP now owns 2,124,012 shares of the company's stock worth $11,831,000 after acquiring an additional 2,010,753 shares during the period. Finally, Legal & General Group Plc raised its position in Hafnia by 41.0% in the fourth quarter. Legal & General Group Plc now owns 646,904 shares of the company's stock worth $3,466,000 after acquiring an additional 188,152 shares during the period.

Hafnia Price Performance

Shares of NYSE HAFN traded up $0.24 during midday trading on Friday, reaching $5.38. The stock had a trading volume of 2,531,867 shares, compared to its average volume of 1,829,997. The stock has a 50-day moving average of $4.44 and a 200-day moving average of $5.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. The company has a market capitalization of $2.72 billion and a price-to-earnings ratio of 3.16. Hafnia Limited has a 12-month low of $3.61 and a 12-month high of $8.99.

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

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were paid a $0.0294 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.19%. Hafnia's dividend payout ratio (DPR) is presently 7.28%.

Analyst Upgrades and Downgrades

Separately, Fearnley Fonds upgraded shares of Hafnia to a "strong-buy" rating in a research 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.