XTX Topco Ltd Has $1.14 Million Stake in Hafnia Limited (NYSE:HAFN)

XTX Topco Ltd increased its position in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 625.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,583 shares of the company's stock after acquiring an additional 136,727 shares during the quarter. XTX Topco Ltd's holdings in Hafnia were worth $1,135,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HAFN. Mondrian Investment Partners LTD bought a new position in Hafnia in the second quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC bought a new position in Hafnia in the second quarter valued at approximately $60,000. Prudential PLC bought a new position in Hafnia in the second quarter valued at approximately $100,000. Infrastructure Capital Advisors LLC bought a new position in Hafnia in the third quarter valued at approximately $119,000. Finally, Quantinno Capital Management LP bought a new position in Hafnia in the third quarter valued at approximately $128,000.

Hafnia Stock Up 3.8 %

Shares of NYSE HAFN traded up $0.20 during midday trading on Tuesday, reaching $5.46. The company's stock had a trading volume of 3,023,478 shares, compared to its average volume of 793,678. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. Hafnia Limited has a fifty-two week low of $5.13 and a fifty-two week high of $8.99. The stock has a market capitalization of $2.77 billion and a price-to-earnings ratio of 3.21. The stock has a 50 day simple moving average of $6.06 and a 200-day simple moving average of $7.20.

Hafnia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th will be issued a $0.379 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 27.77%. Hafnia's dividend payout ratio (DPR) is presently 88.82%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their price target on shares of Hafnia from $9.00 to $8.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th.

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.