Barclays PLC Increases Position in Hafnia Limited (NYSE:HAFN)

Barclays PLC raised its stake in Hafnia Limited (NYSE:HAFN - Free Report) by 72.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,734,506 shares of the company's stock after acquiring an additional 1,151,528 shares during the quarter. Barclays PLC owned approximately 0.54% of Hafnia worth $19,580,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new position in shares of Hafnia in the second quarter valued at $107,651,000. DekaBank Deutsche Girozentrale boosted its stake in Hafnia by 10.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company's stock worth $21,350,000 after purchasing an additional 290,000 shares during the period. Hsbc Holdings PLC purchased a new position in Hafnia during the 2nd quarter valued at about $24,514,000. Bank of Montreal Can purchased a new position in Hafnia during the 3rd quarter valued at about $3,774,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Hafnia during the second quarter valued at about $4,327,000.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their price objective 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 Price Performance

Hafnia stock traded up $0.12 during midday trading on Friday, hitting $5.42. 2,429,809 shares of the company's stock were exchanged, compared to its average volume of 822,879. The company has a market cap of $2.75 billion and a P/E ratio of 3.19. 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 $5.94 and a two-hundred day moving average price of $7.14. Hafnia Limited has a 52-week low of $5.13 and a 52-week high of $8.99.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, December 6th will be given a $0.379 dividend. This represents a $1.52 annualized dividend and a dividend yield of 27.97%. The ex-dividend date is Friday, December 6th. Hafnia's dividend payout ratio (DPR) is 88.82%.

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.