Hafnia Limited (NYSE:HAFN) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ cut its stake in Hafnia Limited (NYSE:HAFN - Free Report) by 91.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,658 shares of the company's stock after selling 314,079 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Hafnia were worth $167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Hafnia by 72.7% in the 3rd quarter. Barclays PLC now owns 2,734,506 shares of the company's stock valued at $19,580,000 after purchasing an additional 1,151,528 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Hafnia during the 4th quarter valued at approximately $3,123,000. Bank of New York Mellon Corp lifted its holdings in 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 acquiring an additional 287,460 shares during the last quarter. Swiss National Bank grew its position in Hafnia by 0.6% in the fourth quarter. Swiss National Bank now owns 555,852 shares of the company's stock worth $2,975,000 after acquiring an additional 3,578 shares during the period. Finally, Bank of Montreal Can acquired a new stake in Hafnia during the third quarter worth $3,774,000.

Hafnia Trading Down 2.1 %

Shares of HAFN traded down $0.10 during 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 stock has a 50-day simple moving average of $4.96 and a 200-day simple moving average of $5.76. The stock has a market cap of $2.24 billion and a PE ratio of 2.60. Hafnia Limited has a twelve month low of $3.91 and a twelve month high of $8.99. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.

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Hafnia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th were given a $0.0294 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia's payout ratio is 7.28%.

Analyst Upgrades and Downgrades

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

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.