Hartree Partners LP Acquires 213,822 Shares of Hafnia Limited (NYSE:HAFN)

Hartree Partners LP boosted its position in Hafnia Limited (NYSE:HAFN - Free Report) by 625.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 248,030 shares of the company's stock after purchasing an additional 213,822 shares during the period. Hartree Partners LP's holdings in Hafnia were worth $1,356,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of HAFN. SJS Investment Consulting Inc. bought a new position in shares of Hafnia during the fourth quarter worth approximately $89,000. Clear Harbor Asset Management LLC acquired a new position in Hafnia during the fourth quarter valued at approximately $92,000. Callan Capital LLC acquired a new stake in shares of Hafnia in the 4th quarter valued at $112,000. Virtu Financial LLC bought a new position in shares of Hafnia in the 4th quarter valued at $117,000. Finally, DGS Capital Management LLC bought a new stake in shares of Hafnia during the 3rd quarter worth $121,000.

Analyst Ratings Changes

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

Hafnia Trading Down 1.9 %

Shares of NYSE:HAFN traded down $0.08 during midday trading on Thursday, hitting $4.10. 2,023,574 shares of the stock were exchanged, compared to its average volume of 1,652,663. The business's 50-day moving average price is $4.74 and its 200 day moving average price is $5.59. 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 Limited has a 12 month low of $3.91 and a 12 month high of $8.99. The stock has a market capitalization of $2.08 billion and a price-to-earnings ratio of 2.41.

Hafnia Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were issued 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 dividend yield of 2.87%. Hafnia's dividend payout ratio (DPR) is presently 7.28%.

About Hafnia

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.