Virtu Financial LLC Makes New Investment in Hafnia Limited (NYSE:HAFN)

Virtu Financial LLC bought a new position in shares of Hafnia Limited (NYSE:HAFN) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 20,953 shares of the company’s stock, valued at approximately $117,000.

A number of other hedge funds also recently modified their holdings of HAFN. Barclays PLC lifted its stake in Hafnia by 72.7% during 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. Assenagon Asset Management S.A. bought a new stake in shares of Hafnia during the 4th quarter worth $3,123,000. Bank of Montreal Can acquired a new stake in Hafnia in the third quarter valued at about $3,774,000. Bank of New York Mellon Corp grew its position in Hafnia by 100.4% in the fourth quarter. Bank of New York Mellon Corp now owns 573,825 shares of the company’s stock valued at $3,196,000 after acquiring an additional 287,460 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Hafnia by 671.7% during the third quarter. Jane Street Group LLC now owns 257,427 shares of the company’s stock worth $1,833,000 after acquiring an additional 224,070 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reduced their price target on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday, December 17th.

Hafnia Stock Performance

Shares of HAFN stock opened at $4.23 on Monday. The firm has a market capitalization of $2.14 billion and a price-to-earnings ratio of 2.49. 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 business’s 50-day moving average price is $4.80 and its 200-day moving average price is $5.65. Hafnia Limited has a 12 month low of $3.91 and a 12 month high of $8.99.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were issued a $0.0294 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.12 dividend on an annualized basis and a yield of 2.78%. Hafnia’s payout ratio is 7.28%.

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.