FMR LLC reduced its stake in Hafnia Limited (NYSE:HAFN - Free Report) by 74.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,300 shares of the company's stock after selling 271,465 shares during the period. FMR LLC's holdings in Hafnia were worth $650,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mondrian Investment Partners LTD acquired a new stake in shares of Hafnia in the 2nd quarter valued at about $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Hafnia in the second quarter valued at approximately $60,000. Prudential PLC purchased a new position in shares of Hafnia during the second quarter worth approximately $100,000. TD Asset Management Inc acquired a new position in shares of Hafnia in the 2nd quarter valued at $148,000. Finally, XTX Topco Ltd purchased a new stake in Hafnia in the 2nd quarter valued at $183,000.
Analysts Set New Price Targets
Separately, Jefferies Financial Group lowered their price objective on shares of Hafnia from $8.00 to $6.50 and set a "buy" rating on the stock in a research report on Tuesday.
Read Our Latest Report on Hafnia
Hafnia Stock Performance
HAFN traded up $0.02 on Wednesday, hitting $5.24. 434,202 shares of the company traded hands, compared to its average volume of 836,467. Hafnia Limited has a 12-month low of $5.07 and a 12-month high of $8.99. The company has a 50 day moving average of $5.85 and a 200-day moving average of $7.08. 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 $2.66 billion and a PE ratio of 3.07.
Hafnia Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 6th were issued a dividend of $0.379 per share. This represents a $1.52 annualized dividend and a dividend yield of 28.93%. The ex-dividend date was Friday, December 6th. Hafnia's dividend payout ratio is presently 88.82%.
About Hafnia
(
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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