State of Tennessee Department of Treasury boosted its holdings in Hafnia Limited (NYSE:HAFN - Free Report) by 41.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 634,966 shares of the company's stock after purchasing an additional 185,017 shares during the quarter. State of Tennessee Department of Treasury owned about 0.13% of Hafnia worth $3,396,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace LLP boosted its holdings 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 in the last quarter. Causeway Capital Management LLC grew its position in Hafnia by 5.4% in the 4th quarter. Causeway Capital Management LLC now owns 575,856 shares of the company's stock valued at $3,080,000 after purchasing an additional 29,345 shares during the period. Barclays PLC increased its stake in Hafnia by 60.7% during the 4th quarter. Barclays PLC now owns 4,395,133 shares of the company's stock valued at $24,481,000 after purchasing an additional 1,660,627 shares in the last quarter. Legal & General Group Plc raised its holdings 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 last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Hafnia by 7,756.1% during the fourth quarter. Wells Fargo & Company MN now owns 18,776 shares of the company's stock valued at $105,000 after buying an additional 18,537 shares during the last quarter.
Hafnia Stock Up 1.4 %
Shares of HAFN traded up $0.07 on Friday, reaching $4.73. The company's stock had a trading volume of 714,533 shares, compared to its average volume of 1,766,015. Hafnia Limited has a twelve month low of $3.61 and a twelve month high of $8.99. The stock has a market capitalization of $2.39 billion and a PE ratio of 2.78. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $4.28 and a 200-day moving average of $5.11.
Hafnia Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were given a dividend of $0.0294 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.12 annualized dividend and a dividend yield of 2.49%. Hafnia's payout ratio is 7.28%.
Hafnia Company Profile
(
Free Report)
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.
Further Reading
Before you consider Hafnia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hafnia wasn't on the list.
While Hafnia currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
