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

Hartree Partners LP grew its holdings in shares of Hafnia Limited (NYSE:HAFN) by 625.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 248,030 shares of the company’s stock after buying an additional 213,822 shares during the quarter. Hartree Partners LP’s holdings in Hafnia were worth $1,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership grew its position in Hafnia by 125.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company’s stock valued at $64,223,000 after acquiring an additional 6,530,482 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Hafnia by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 11,113,978 shares of the company’s stock worth $59,449,000 after purchasing an additional 190,352 shares during the last quarter. Barclays PLC increased its stake in Hafnia by 72.7% in the 3rd quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock worth $19,580,000 after buying an additional 1,151,528 shares during the period. Assenagon Asset Management S.A. bought a new stake in Hafnia during the 4th quarter valued at about $3,123,000. Finally, Bank of New York Mellon Corp lifted its holdings in Hafnia by 100.4% during the 4th quarter. Bank of New York Mellon Corp now owns 573,825 shares of the company’s stock valued at $3,196,000 after buying an additional 287,460 shares in the last quarter.

Hafnia Price Performance

Shares of HAFN stock opened at $4.23 on Friday. Hafnia Limited has a twelve month low of $3.91 and a twelve month high of $8.99. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. The stock has a fifty day simple moving average of $4.80 and a two-hundred day simple moving average of $5.66. The stock has a market capitalization of $2.14 billion and a price-to-earnings ratio of 2.49.

Hafnia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were paid a $0.0294 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia’s dividend payout ratio (DPR) is presently 7.28%.

Wall Street Analysts Forecast Growth

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

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.