JPMorgan Chase & Co. Sells 143,322 Shares of Hafnia Limited (NYSE:HAFN)

JPMorgan Chase & Co. lowered its position in Hafnia Limited (NYSE:HAFN) by 4.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,962,903 shares of the company’s stock after selling 143,322 shares during the period. JPMorgan Chase & Co. owned about 0.58% of Hafnia worth $21,214,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. DGS Capital Management LLC bought a new position in Hafnia in the third quarter worth approximately $121,000. Tidal Investments LLC bought a new position in Hafnia in the 3rd quarter worth $198,000. Barclays PLC lifted its position in Hafnia by 72.7% during the third quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock valued at $19,580,000 after purchasing an additional 1,151,528 shares in the last quarter. XTX Topco Ltd grew its holdings in Hafnia by 625.6% during the third quarter. XTX Topco Ltd now owns 158,583 shares of the company’s stock valued at $1,135,000 after purchasing an additional 136,727 shares during the period. Finally, Jane Street Group LLC increased 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 buying an additional 224,070 shares in the last quarter.

Hafnia Stock Performance

Shares of NYSE HAFN opened at $5.57 on Thursday. The stock has a market cap of $2.82 billion and a PE ratio of 3.28. Hafnia Limited has a 1 year low of $4.99 and a 1 year high of $8.99. The firm has a fifty day moving average price of $5.49 and a 200-day moving average price of $6.80. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52.

Hafnia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were given a $0.379 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 27.22%. Hafnia’s payout ratio is 88.82%.

Analysts Set New Price Targets

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