Infrastructure Capital Advisors LLC Takes $119,000 Position in Hafnia Limited (NYSE:HAFN)

Infrastructure Capital Advisors LLC acquired a new stake in shares of Hafnia Limited (NYSE:HAFN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,572 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in Hafnia during the 2nd quarter valued at approximately $2,421,000. Allspring Global Investments Holdings LLC purchased a new position in Hafnia in the 2nd quarter worth approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Hafnia in the 2nd quarter worth approximately $528,000. TD Asset Management Inc purchased a new position in Hafnia in the 2nd quarter worth approximately $148,000. Finally, Acadian Asset Management LLC purchased a new position in Hafnia in the 2nd quarter worth approximately $107,651,000.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group decreased their target price on shares of Hafnia from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, November 14th.

Hafnia Trading Up 5.8 %

Shares of HAFN stock opened at $5.64 on Friday. Hafnia Limited has a 1 year low of $5.13 and a 1 year high of $8.99. The firm has a fifty day moving average price of $6.34 and a 200-day moving average price of $7.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.33. The company has a market cap of $2.86 billion and a price-to-earnings ratio of 3.32.

Hafnia Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, December 6th will be issued a $0.379 dividend. This represents a $1.52 annualized dividend and a yield of 26.88%. The ex-dividend date of this dividend is Friday, December 6th. Hafnia’s dividend payout ratio is currently 95.29%.

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.