Jane Street Group LLC Boosts Holdings in Hafnia Limited (NYSE:HAFN)

Jane Street Group LLC increased its holdings in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 671.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,427 shares of the company's stock after buying an additional 224,070 shares during the period. Jane Street Group LLC owned about 0.05% of Hafnia worth $1,833,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Mondrian Investment Partners LTD purchased a new stake in Hafnia during the 2nd quarter worth approximately $43,000. Allspring Global Investments Holdings LLC acquired a new position in Hafnia in the 2nd quarter valued at $60,000. Prudential PLC purchased a new position in Hafnia in the 2nd quarter valued at $100,000. Infrastructure Capital Advisors LLC purchased a new stake in shares of Hafnia during the third quarter worth $119,000. Finally, TD Asset Management Inc acquired a new stake in shares of Hafnia in the second quarter valued at about $148,000.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group dropped 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 Trading Down 2.0 %

NYSE HAFN traded down $0.11 on Thursday, reaching $5.50. 2,106,268 shares of the company were exchanged, compared to its average volume of 873,225. 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 business's fifty day moving average price is $5.63 and its 200 day moving average price is $6.96. The stock has a market capitalization of $2.79 billion and a P/E ratio of 3.24. Hafnia Limited has a fifty-two week low of $4.99 and a fifty-two week high of $8.99.

Hafnia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were paid a dividend of $0.379 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 27.56%. 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.