Hafnia Limited (NYSE:HAFN) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC lifted its stake in shares of Hafnia Limited (NYSE:HAFN) by 671.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 257,427 shares of the company’s stock after acquiring an additional 224,070 shares during the period. Jane Street Group LLC’s holdings in Hafnia were worth $1,833,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC purchased a new position in Hafnia during the second quarter worth approximately $107,651,000. Hsbc Holdings PLC purchased a new position in shares of Hafnia in the 2nd quarter worth $24,514,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Hafnia in the 2nd quarter worth $23,646,000. Bank of Montreal Can acquired a new position in Hafnia in the third quarter valued at $3,774,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Hafnia during the second quarter valued at about $4,327,000.

Hafnia Stock Performance

NYSE:HAFN opened at $5.61 on Thursday. Hafnia Limited has a twelve month low of $4.99 and a twelve month high of $8.99. The firm has a market capitalization of $2.84 billion and a price-to-earnings ratio of 3.30. 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 firm’s fifty day simple moving average is $5.65 and its 200 day simple moving average is $6.97.

Hafnia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were issued a $0.379 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 27.02%. The ex-dividend date was Friday, December 6th. Hafnia’s dividend payout ratio is presently 88.82%.

Analyst Ratings Changes

Separately, Jefferies Financial Group decreased their target price on Hafnia from $8.00 to $6.50 and set a “buy” rating for the company in a report 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.