Arrowstreet Capital Limited Partnership Raises Stock Position in Hafnia Limited (NYSE:HAFN)

Arrowstreet Capital Limited Partnership grew its stake in Hafnia Limited (NYSE:HAFN - Free Report) by 125.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,754,312 shares of the company's stock after acquiring an additional 6,530,482 shares during the period. Arrowstreet Capital Limited Partnership owned about 2.32% of Hafnia worth $64,223,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. acquired a new position in Hafnia during the fourth quarter worth $89,000. Clear Harbor Asset Management LLC acquired a new position in Hafnia during the 4th quarter worth about $92,000. DGS Capital Management LLC purchased a new position in Hafnia during the 3rd quarter valued at about $121,000. Quantinno Capital Management LP acquired a new position in Hafnia in the 3rd quarter valued at about $128,000. Finally, Callan Capital LLC purchased a new stake in Hafnia during the fourth quarter worth about $112,000.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered their price objective on shares of Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, December 17th.

Hafnia Stock Down 9.6 %

NYSE:HAFN traded down $0.39 during midday trading on Friday, reaching $3.65. The company had a trading volume of 3,627,241 shares, compared to its average volume of 1,666,140. Hafnia Limited has a 12-month low of $3.61 and a 12-month high of $8.99. The firm has a market capitalization of $1.85 billion and a price-to-earnings ratio of 2.14. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. The stock's fifty day simple moving average is $4.69 and its 200-day simple moving average is $5.54.

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Hafnia Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th were issued a dividend of $0.0294 per share. This represents a $0.12 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia's dividend payout ratio (DPR) is presently 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.