Bank of New York Mellon Corp Grows Stock Holdings in Hafnia Limited (NYSE:HAFN)

Bank of New York Mellon Corp increased its position in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 100.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 573,825 shares of the company's stock after acquiring an additional 287,460 shares during the quarter. Bank of New York Mellon Corp owned about 0.11% of Hafnia worth $3,196,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. SJS Investment Consulting Inc. bought a new position in shares of Hafnia during the 4th quarter worth approximately $89,000. Clear Harbor Asset Management LLC bought a new position in shares of Hafnia during the 4th quarter worth approximately $92,000. Callan Capital LLC bought a new position in shares of Hafnia during the 4th quarter worth approximately $112,000. Infrastructure Capital Advisors LLC bought a new position in shares of Hafnia during the 3rd quarter worth approximately $119,000. Finally, DGS Capital Management LLC bought a new position in shares of Hafnia during the 3rd quarter worth approximately $121,000.

Analysts Set New Price Targets

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

Hafnia Stock Performance

Hafnia stock traded down $0.10 during mid-day trading on Friday, reaching $4.43. 1,380,701 shares of the company traded hands, compared to its average volume of 1,632,610. 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 fifty-two week low of $3.91 and a fifty-two week high of $8.99. The company has a market capitalization of $2.24 billion and a price-to-earnings ratio of 2.60. The firm's fifty day moving average is $4.96 and its two-hundred day moving average is $5.75.

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Hafnia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th were paid a dividend of $0.0294 per share. The ex-dividend date was Friday, March 7th. This represents a $0.12 dividend on an annualized basis and a yield of 2.66%. 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.