Hafnia Limited (NYSE:HAFN) Shares Purchased by Legal & General Group Plc

Legal & General Group Plc boosted its position in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 41.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 646,904 shares of the company's stock after buying an additional 188,152 shares during the quarter. Legal & General Group Plc owned approximately 0.13% of Hafnia worth $3,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HAFN. Arrowstreet Capital Limited Partnership increased its stake in shares of Hafnia by 125.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company's stock valued at $64,223,000 after purchasing an additional 6,530,482 shares in the last quarter. Barclays PLC increased its position in shares of Hafnia by 72.7% in the third quarter. Barclays PLC now owns 2,734,506 shares of the company's stock valued at $19,580,000 after buying an additional 1,151,528 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Hafnia during the 4th quarter worth approximately $3,123,000. Bank of New York Mellon Corp lifted its position in shares of Hafnia by 100.4% during the 4th quarter. Bank of New York Mellon Corp now owns 573,825 shares of the company's stock valued at $3,196,000 after buying an additional 287,460 shares in the last quarter. Finally, Jane Street Group LLC grew its stake in Hafnia by 671.7% in the 3rd quarter. Jane Street Group LLC now owns 257,427 shares of the company's stock valued at $1,833,000 after acquiring an additional 224,070 shares during the period.

Hafnia Stock Performance

NYSE:HAFN opened at $4.31 on Wednesday. The company has a fifty day moving average of $4.35 and a two-hundred day moving average of $5.23. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $8.99. The stock has a market capitalization of $2.18 billion and a PE ratio of 2.53. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were issued a $0.0294 dividend. This represents a $0.12 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia's payout ratio is 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.

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