JPMorgan Chase & Co. cut its holdings in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 23.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,266,336 shares of the company's stock after selling 696,567 shares during the quarter. JPMorgan Chase & Co. owned 0.45% of Hafnia worth $12,623,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. SJS Investment Consulting Inc. bought a new position in Hafnia during the fourth quarter valued at approximately $89,000. Clear Harbor Asset Management LLC acquired a new stake in Hafnia in the 4th quarter valued at approximately $92,000. Callan Capital LLC bought a new position in Hafnia during the fourth quarter worth $112,000. Virtu Financial LLC acquired a new position in shares of Hafnia during the fourth quarter valued at about $117,000. Finally, DGS Capital Management LLC bought a new position in Hafnia during the third quarter valued at about $121,000.
Hafnia Stock Performance
Shares of NYSE:HAFN traded up $0.07 during trading on Thursday, hitting $4.24. 964,486 shares of the stock were exchanged, compared to its average volume of 1,712,340. The company has a market capitalization of $2.15 billion and a price-to-earnings ratio of 2.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. The company's fifty day simple moving average is $4.44 and its 200-day simple moving average is $5.33. Hafnia Limited has a 1-year low of $3.61 and a 1-year high of $8.99.
Hafnia Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were given a $0.0294 dividend. This represents a $0.12 annualized dividend and a yield of 2.78%. The ex-dividend date was Friday, March 7th. Hafnia's dividend payout ratio (DPR) is presently 7.28%.
Hafnia Company Profile
(
Free Report)
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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