HighTower Advisors LLC Makes New Investment in Hafnia Limited (NYSE:HAFN)

HighTower Advisors LLC acquired a new position in shares of Hafnia Limited (NYSE:HAFN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,300 shares of the company’s stock, valued at approximately $124,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HAFN. SJS Investment Consulting Inc. acquired a new position in Hafnia in the fourth quarter worth $89,000. Clear Harbor Asset Management LLC bought a new stake in shares of Hafnia during the fourth quarter valued at about $92,000. Callan Capital LLC acquired a new stake in shares of Hafnia in the 4th quarter worth approximately $112,000. DGS Capital Management LLC acquired a new stake in Hafnia in the third quarter worth approximately $121,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Hafnia in the third quarter valued at $128,000.

Hafnia Stock Performance

NYSE:HAFN opened at $3.65 on Friday. 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 firm’s fifty day simple moving average is $4.69 and its 200 day simple moving average is $5.56. The firm has a market capitalization of $1.85 billion and a PE ratio of 2.14. Hafnia Limited has a 1 year low of $3.61 and a 1 year high of $8.99.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th were given 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 dividend yield of 3.23%. Hafnia’s dividend payout ratio is currently 7.28%.

Wall Street Analyst Weigh In

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