Pictet Asset Management Holding SA Raises Position in Hafnia Limited (NYSE:HAFN)

Pictet Asset Management Holding SA lifted its stake in shares of Hafnia Limited (NYSE:HAFN) by 104.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 81,108 shares of the company’s stock after buying an additional 41,378 shares during the period. Pictet Asset Management Holding SA’s holdings in Hafnia were worth $434,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Centiva Capital LP bought a new stake in Hafnia in the 3rd quarter worth about $222,000. Quantinno Capital Management LP bought a new position in shares of Hafnia in the third quarter valued at approximately $128,000. Quadrature Capital Ltd bought a new stake in Hafnia during the third quarter worth $262,000. Jane Street Group LLC boosted its position in Hafnia by 671.7% in the third quarter. Jane Street Group LLC now owns 257,427 shares of the company’s stock worth $1,833,000 after purchasing an additional 224,070 shares during the last quarter. Finally, Barclays PLC boosted its position in Hafnia by 72.7% in the third quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock worth $19,580,000 after purchasing an additional 1,151,528 shares during the last quarter.

Hafnia Price Performance

Shares of NYSE:HAFN opened at $4.15 on Thursday. Hafnia Limited has a 12 month low of $3.61 and a 12 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 market cap of $2.10 billion and a P/E ratio of 2.44. The company has a 50 day moving average of $4.57 and a 200 day moving average of $5.43.

Hafnia Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th were paid a dividend of $0.0294 per share. This represents a $0.12 annualized dividend and a yield of 2.84%. The ex-dividend date was Friday, March 7th. Hafnia’s dividend payout ratio (DPR) is currently 7.28%.

Analyst Ratings Changes

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