Hsbc Holdings PLC acquired a new stake in Hafnia Limited (NYSE:HAFN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 132,685 shares of the company's stock, valued at approximately $711,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAFN. SJS Investment Consulting Inc. acquired a new stake in shares of Hafnia during the fourth quarter worth $89,000. Clear Harbor Asset Management LLC acquired a new stake in Hafnia during the fourth quarter worth about $92,000. Wells Fargo & Company MN lifted its holdings in Hafnia by 7,756.1% in the fourth quarter. Wells Fargo & Company MN now owns 18,776 shares of the company's stock worth $105,000 after acquiring an additional 18,537 shares during the last quarter. Callan Capital LLC acquired a new position in Hafnia in the fourth quarter valued at approximately $112,000. Finally, Virtu Financial LLC bought a new position in shares of Hafnia during the fourth quarter valued at approximately $117,000.
Analyst Upgrades and Downgrades
Separately, Fearnley Fonds upgraded Hafnia to a "strong-buy" rating in a research report on Tuesday.
Check Out Our Latest Report on Hafnia
Hafnia Stock Performance
HAFN stock traded up $0.01 on Friday, reaching $5.05. The company's stock had a trading volume of 1,173,040 shares, compared to its average volume of 1,801,414. Hafnia Limited has a 52 week low of $3.61 and a 52 week high of $8.99. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The company has a market capitalization of $2.56 billion and a P/E ratio of 2.97. The firm has a fifty day moving average of $4.33 and a two-hundred day moving average of $5.05.
Hafnia Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were paid a dividend of $0.0294 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia's dividend payout ratio is currently 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.
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