UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.25 Million Stock Position in Hafnia Limited (NYSE:HAFN)

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

A number of other institutional investors have also added to or reduced their stakes in HAFN. Acadian Asset Management LLC bought a new stake in shares of Hafnia during the second quarter valued at approximately $107,651,000. Hsbc Holdings PLC acquired a new stake in Hafnia in the 2nd quarter valued at $24,514,000. DekaBank Deutsche Girozentrale bought a new stake in Hafnia during the 2nd quarter valued at $23,646,000. Bank of Montreal Can acquired a new position in Hafnia during the third quarter worth $3,774,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new position in shares of Hafnia in the second quarter valued at $4,327,000.

Hafnia Price Performance

Shares of NYSE:HAFN opened at $5.22 on Wednesday. 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 $2.64 billion and a PE ratio of 3.07. The stock’s fifty day simple moving average is $5.85 and its two-hundred day simple moving average is $7.08. Hafnia Limited has a 1-year low of $5.07 and a 1-year high of $8.99.

Hafnia Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 6th were issued a dividend of $0.379 per share. This represents a $1.52 annualized dividend and a yield of 29.07%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia’s dividend payout ratio (DPR) is presently 88.82%.

Analysts Set New Price Targets

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

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.