Hafnia Limited (NYSE:HAFN) Shares Sold by Fmr LLC

Fmr LLC lessened its stake in Hafnia Limited (NYSE:HAFN) by 74.8% during the third quarter, HoldingsChannel.com reports. The firm owned 91,300 shares of the company’s stock after selling 271,465 shares during the period. Fmr LLC’s holdings in Hafnia were worth $650,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of HAFN. Bank of New York Mellon Corp bought a new position in Hafnia during the 2nd quarter worth approximately $2,421,000. Allspring Global Investments Holdings LLC acquired a new position in Hafnia during the 2nd quarter worth $60,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Hafnia in the second quarter worth $528,000. TD Asset Management Inc bought a new stake in shares of Hafnia during the second quarter valued at about $148,000. Finally, Acadian Asset Management LLC acquired a new stake in Hafnia in the second quarter worth about $107,651,000.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reduced their price target on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Tuesday.

Hafnia Trading Down 0.7 %

Shares of HAFN stock opened at $5.22 on Wednesday. The stock has a 50-day simple moving average of $5.85 and a 200 day simple moving average of $7.08. The stock has a market capitalization of $2.64 billion and a P/E ratio of 3.07. Hafnia Limited has a fifty-two week low of $5.07 and a fifty-two week 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.

Hafnia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were paid a $0.379 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 29.07%. Hafnia’s dividend payout ratio is currently 88.82%.

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.