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

Jane Street Group LLC raised its holdings in Hafnia Limited (NYSE:HAFN) by 671.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 257,427 shares of the company’s stock after acquiring an additional 224,070 shares during the quarter. Jane Street Group LLC owned 0.05% of Hafnia worth $1,833,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Mondrian Investment Partners LTD purchased a new stake in Hafnia during the second quarter worth about $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Hafnia in the 2nd quarter worth approximately $60,000. Prudential PLC purchased a new position in Hafnia in the 2nd quarter valued at approximately $100,000. Infrastructure Capital Advisors LLC acquired a new position in Hafnia during the third quarter worth $119,000. Finally, TD Asset Management Inc purchased a new stake in Hafnia during the second quarter worth $148,000.

Hafnia Stock Up 6.0 %

Shares of NYSE HAFN opened at $5.61 on Thursday. 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 firm’s 50-day moving average is $5.65 and its two-hundred day moving average is $6.97. Hafnia Limited has a 12-month low of $4.99 and a 12-month high of $8.99. The company has a market capitalization of $2.84 billion and a PE ratio of 3.30.

Hafnia Cuts Dividend

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

Analyst Ratings Changes

Separately, Jefferies Financial Group dropped their price target on Hafnia from $8.00 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, December 17th.

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.