UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Position in Hafnia Limited (NYSE:HAFN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Hafnia Limited (NYSE:HAFN) by 25.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,010 shares of the company’s stock after selling 59,589 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Hafnia were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can bought a new position in Hafnia during the third quarter valued at about $3,774,000. Mirabella Financial Services LLP purchased a new position in shares of Hafnia in the third quarter worth about $3,175,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Hafnia in the third quarter valued at approximately $242,000. Sigma Planning Corp purchased a new stake in shares of Hafnia during the 3rd quarter valued at approximately $202,000. Finally, DekaBank Deutsche Girozentrale grew its stake in Hafnia by 10.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company’s stock valued at $21,350,000 after buying an additional 290,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Hafnia Stock Down 0.7 %

HAFN opened at $5.22 on Wednesday. The firm has a market capitalization of $2.64 billion and a P/E ratio of 3.07. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The company has a fifty day moving average price of $5.85 and a 200-day moving average price of $7.08. Hafnia Limited has a one year low of $5.07 and a one year high of $8.99.

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 issued a dividend of $0.379 per share. This represents a $1.52 annualized dividend and a dividend yield of 29.07%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia’s payout ratio is 88.82%.

About Hafnia

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.