Barclays PLC Has $19.58 Million Stock Position in Hafnia Limited (NYSE:HAFN)

Barclays PLC boosted its stake in shares of Hafnia Limited (NYSE:HAFN) by 72.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,734,506 shares of the company’s stock after purchasing an additional 1,151,528 shares during the quarter. Barclays PLC owned 0.54% of Hafnia worth $19,580,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in Hafnia in the second quarter worth $107,651,000. Hsbc Holdings PLC bought a new position in shares of Hafnia during the 2nd quarter worth about $24,514,000. DekaBank Deutsche Girozentrale bought a new position in shares of Hafnia during the 2nd quarter worth about $23,646,000. Bank of Montreal Can acquired a new stake in shares of Hafnia during the 3rd quarter valued at about $3,774,000. Finally, Skandinaviska Enskilda Banken AB publ bought a new stake in Hafnia in the second quarter valued at about $4,327,000.

Analyst Ratings Changes

Separately, Jefferies Financial Group decreased their price objective on Hafnia from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.

Hafnia Stock Up 2.3 %

Shares of NYSE HAFN opened at $5.42 on Friday. Hafnia Limited has a 52-week low of $5.13 and a 52-week high of $8.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. The business has a fifty day moving average of $5.94 and a two-hundred day moving average of $7.15. The stock has a market cap of $2.75 billion and a PE ratio of 3.19.

Hafnia Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, December 6th will be issued a dividend of $0.379 per share. This represents a $1.52 annualized dividend and a yield of 27.97%. The ex-dividend date is Friday, December 6th. Hafnia’s dividend payout ratio is currently 88.82%.

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.