Citigroup Inc. lessened its holdings in Hafnia Limited (NYSE:HAFN - Free Report) by 69.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 739,747 shares of the company's stock after selling 1,671,649 shares during the quarter. Citigroup Inc. owned about 0.15% of Hafnia worth $5,275,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp purchased a new stake in shares of Hafnia during the second quarter valued at approximately $2,421,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Hafnia during the second quarter valued at approximately $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Hafnia during the second quarter valued at approximately $528,000. TD Asset Management Inc bought a new position in Hafnia during the second quarter valued at approximately $148,000. Finally, Acadian Asset Management LLC bought a new position in Hafnia during the second quarter valued at approximately $107,651,000.
Hafnia Stock Performance
HAFN traded up $0.17 during trading on Tuesday, hitting $5.81. The company's stock had a trading volume of 4,404,039 shares, compared to its average volume of 724,482. The company has a quick ratio of 1.33, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Hafnia Limited has a one year low of $5.13 and a one year high of $8.99. The firm has a market cap of $2.94 billion and a PE ratio of 3.42. The business's 50 day simple moving average is $6.27 and its 200-day simple moving average is $7.32.
Hafnia Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th will be given a $0.379 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 26.12%. Hafnia's payout ratio is presently 95.29%.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group lowered their price objective on shares of Hafnia from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th.
Get Our Latest Stock Report on Hafnia
Hafnia Company Profile
(
Free Report)
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.
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