Hafnia Limited (NYSE:HAFN) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. raised its stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 1,152.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 189,798 shares of the company's stock after buying an additional 174,644 shares during the quarter. Graham Capital Management L.P.'s holdings in Hafnia were worth $1,057,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership increased its position in Hafnia by 125.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company's stock worth $64,223,000 after purchasing an additional 6,530,482 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Hafnia by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 11,113,978 shares of the company's stock valued at $59,449,000 after buying an additional 190,352 shares during the last quarter. Barclays PLC lifted its stake in shares of Hafnia by 60.7% during the fourth quarter. Barclays PLC now owns 4,395,133 shares of the company's stock valued at $24,481,000 after buying an additional 1,660,627 shares during the period. Marshall Wace LLP grew its stake in Hafnia by 1,775.4% in the 4th 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 lifted its position in Hafnia by 41.0% during the fourth quarter. Legal & General Group Plc now owns 646,904 shares of the company's stock worth $3,466,000 after buying an additional 188,152 shares during the period.

Analysts Set New Price Targets

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

Hafnia Trading Down 1.0%

Shares of HAFN traded down $0.06 during mid-day trading on Monday, reaching $5.33. The company had a trading volume of 686,387 shares, compared to its average volume of 1,832,019. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $8.99. The firm has a fifty day simple moving average of $4.44 and a 200-day simple moving average of $5.00. The stock has a market cap of $2.70 billion and a price-to-earnings ratio of 3.13. 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 (NYSE:HAFN - Get Free Report) last issued its 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. The firm had revenue of $340.34 million for the quarter, compared to analysts' expectations of $250.80 million. Hafnia had a return on equity of 36.90% and a net margin of 53.44%.

Hafnia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were issued a dividend of $0.0294 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia's payout ratio is currently 33.06%.

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.