132,685 Shares in Hafnia Limited (NYSE:HAFN) Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new position in Hafnia Limited (NYSE:HAFN - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 132,685 shares of the company's stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SJS Investment Consulting Inc. purchased a new position in Hafnia during the fourth quarter valued at $89,000. Clear Harbor Asset Management LLC bought a new position in shares of Hafnia during the fourth quarter valued at approximately $92,000. Wells Fargo & Company MN grew its stake 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. Callan Capital LLC bought a new position in shares of Hafnia during 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.

Hafnia Stock Performance

HAFN stock traded up $0.01 during midday trading on Friday, reaching $5.05. The stock had a trading volume of 1,173,040 shares, compared to its average volume of 1,814,249. The firm has a fifty day simple moving average of $4.35 and a two-hundred day simple moving average of $5.02. The stock has a market cap of $2.56 billion and a PE ratio of 2.97. 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 quick ratio of 1.52 and a current ratio of 1.70.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th were paid a dividend of $0.0294 per share. The ex-dividend date was Friday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.33%. Hafnia's payout ratio is currently 7.28%.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds raised Hafnia to a "strong-buy" rating in a research note 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.