Marshall Wace LLP Purchases 2,010,753 Shares of Hafnia Limited (NYSE:HAFN)

Marshall Wace LLP lifted its stake in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 1,775.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,124,012 shares of the company's stock after acquiring an additional 2,010,753 shares during the period. Marshall Wace LLP owned approximately 0.42% of Hafnia worth $11,831,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HAFN. Arrowstreet Capital Limited Partnership increased its stake in shares of Hafnia by 125.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company's stock worth $64,223,000 after acquiring an additional 6,530,482 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hafnia by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 11,113,978 shares of the company's stock valued at $59,449,000 after purchasing an additional 190,352 shares in the last quarter. Barclays PLC raised its position in Hafnia by 60.7% in the 4th quarter. Barclays PLC now owns 4,395,133 shares of the company's stock worth $24,481,000 after buying an additional 1,660,627 shares during the last quarter. Legal & General Group Plc grew its stake in shares of 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. Finally, Assenagon Asset Management S.A. bought a new position in Hafnia during the fourth quarter valued at approximately $3,123,000.

Hafnia Stock Performance

HAFN traded up $0.02 during trading on Friday, hitting $4.49. The company's stock had a trading volume of 1,114,061 shares, compared to its average volume of 1,753,364. Hafnia Limited has a one year low of $3.61 and a one year high of $8.99. The business's 50 day simple moving average is $4.31 and its 200-day simple moving average is $5.16. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a market cap of $2.28 billion and a PE ratio of 2.64.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were given a dividend of $0.0294 per share. This represents a $0.12 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia's payout ratio is currently 7.28%.

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.