Grantham Mayo Van Otterloo & Co. LLC Has $783,000 Position in Hafnia Limited (NYSE:HAFN)

Grantham Mayo Van Otterloo & Co. LLC decreased its position in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 88.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,419 shares of the company's stock after selling 1,119,952 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Hafnia were worth $783,000 at the end of the most recent reporting period.

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

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Hafnia Trading Down 0.7 %

NYSE HAFN traded down $0.03 during mid-day trading on Monday, reaching $4.18. 351,712 shares of the stock were exchanged, compared to its average volume of 2,961,603. The stock has a market cap of $2.12 billion and a P/E ratio of 2.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. Hafnia Limited has a one year low of $3.61 and a one year high of $8.99. The stock has a 50 day simple moving average of $4.51 and a 200-day simple moving average of $5.37.

Hafnia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were paid a $0.0294 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia's dividend payout ratio is 7.28%.

Analyst Upgrades and Downgrades

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

Hafnia Company 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.