Hafnia Limited (NYSE:HAFN) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in shares of Hafnia Limited (NYSE:HAFN) by 125.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,754,312 shares of the company’s stock after acquiring an additional 6,530,482 shares during the period. Arrowstreet Capital Limited Partnership owned about 2.32% of Hafnia worth $64,223,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Hafnia by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 11,113,978 shares of the company’s stock worth $59,449,000 after purchasing an additional 190,352 shares during the last quarter. Barclays PLC increased its stake in Hafnia by 72.7% during the 3rd quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock worth $19,580,000 after buying an additional 1,151,528 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Hafnia during the fourth quarter valued at approximately $3,123,000. Bank of New York Mellon Corp lifted its position in shares of Hafnia by 100.4% in the fourth quarter. Bank of New York Mellon Corp now owns 573,825 shares of the company’s stock valued at $3,196,000 after acquiring an additional 287,460 shares in the last quarter. Finally, Swiss National Bank boosted its stake in shares of Hafnia by 0.6% in the fourth quarter. Swiss National Bank now owns 555,852 shares of the company’s stock worth $2,975,000 after acquiring an additional 3,578 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reduced their price objective on Hafnia from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, December 17th.

Hafnia Trading Down 1.8 %

HAFN opened at $4.16 on Tuesday. The firm has a market capitalization of $2.11 billion and a price-to-earnings ratio of 2.44. The company’s 50 day simple moving average is $4.78 and its two-hundred day simple moving average is $5.63. Hafnia Limited has a 1-year low of $3.91 and a 1-year 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.

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. This represents a $0.12 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Friday, March 7th. Hafnia’s dividend payout ratio (DPR) is currently 7.28%.

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.