Barclays PLC Purchases 1,660,627 Shares of Hafnia Limited (NYSE:HAFN)

Barclays PLC grew its stake in Hafnia Limited (NYSE:HAFN - Free Report) by 60.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,395,133 shares of the company's stock after acquiring an additional 1,660,627 shares during the period. Barclays PLC owned 0.87% of Hafnia worth $24,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of HAFN. Arrowstreet Capital Limited Partnership grew its stake in Hafnia by 125.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company's stock valued at $64,223,000 after purchasing an additional 6,530,482 shares in the last quarter. Vanguard Group Inc. grew its holdings in Hafnia by 1.7% during the fourth 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 period. Legal & General Group Plc increased its position in Hafnia by 41.0% during the fourth quarter. Legal & General Group Plc now owns 646,904 shares of the company's stock worth $3,466,000 after buying an additional 188,152 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in Hafnia in the fourth quarter valued at approximately $3,123,000. Finally, 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 buying an additional 287,460 shares during the last quarter.

Hafnia Stock Performance

Shares of HAFN stock traded up $0.08 during trading on Thursday, reaching $4.47. 1,051,540 shares of the company's stock were exchanged, compared to its average volume of 1,736,921. Hafnia Limited has a twelve month low of $3.61 and a twelve month high of $8.99. The firm's fifty day moving average price is $4.34 and its 200-day moving average price is $5.23. 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 stock has a market capitalization of $2.27 billion and a PE ratio of 2.63.

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 issued a $0.0294 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.12 annualized dividend and a dividend yield of 2.63%. Hafnia's dividend 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.