Mitsubishi UFJ Trust & Banking Corp Reduces Stake in Hafnia Limited (NYSE:HAFN)

Mitsubishi UFJ Trust & Banking Corp trimmed its position in Hafnia Limited (NYSE:HAFN) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,411 shares of the company’s stock after selling 2,581 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Hafnia were worth $538,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Swiss National Bank lifted its holdings in shares of Hafnia by 0.6% during the 4th 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. Sigma Planning Corp boosted its stake in shares of Hafnia by 30.8% in the 4th quarter. Sigma Planning Corp now owns 36,950 shares of the company’s stock valued at $206,000 after purchasing an additional 8,700 shares in the last quarter. U S Global Investors Inc. boosted its stake in shares of Hafnia by 20.7% in the 4th quarter. U S Global Investors Inc. now owns 56,508 shares of the company’s stock valued at $300,000 after purchasing an additional 9,703 shares in the last quarter. SJS Investment Consulting Inc. bought a new position in shares of Hafnia during the 4th quarter valued at $89,000. Finally, Clear Harbor Asset Management LLC purchased a new position in Hafnia in the 4th quarter worth $92,000.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut their price target on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, December 17th.

Hafnia Stock Performance

Shares of HAFN stock opened at $4.16 on Wednesday. The company has a market capitalization of $2.11 billion and a P/E ratio of 2.44. Hafnia Limited has a fifty-two week low of $3.91 and a fifty-two 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. The stock has a 50 day moving average price of $4.76 and a two-hundred day moving average price of $5.60.

Hafnia Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th were given a dividend of $0.0294 per share. The ex-dividend date was Friday, March 7th. This represents a $0.12 annualized dividend and a yield of 2.83%. Hafnia’s payout ratio is currently 7.28%.

About Hafnia

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.