Hafnia Limited (NYSE:HAFN) Holdings Lifted by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC raised its holdings in shares of Hafnia Limited (NYSE:HAFN) by 173.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,421 shares of the company’s stock after acquiring an additional 20,562 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Hafnia were worth $181,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of Hafnia by 72.7% during the 3rd quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock valued at $19,580,000 after buying an additional 1,151,528 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Hafnia during the fourth quarter valued at $3,123,000. Bank of New York Mellon Corp grew its stake 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 purchasing an additional 287,460 shares in the last quarter. Swiss National Bank increased its position in Hafnia by 0.6% in the 4th quarter. Swiss National Bank now owns 555,852 shares of the company’s stock worth $2,975,000 after purchasing an additional 3,578 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in Hafnia in the third quarter worth approximately $3,774,000.

Hafnia Stock Down 2.1 %

Shares of Hafnia stock opened at $4.43 on Monday. Hafnia Limited has a 12-month low of $3.91 and a 12-month high of $8.99. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $4.96 and a two-hundred day moving average price of $5.74. The stock has a market capitalization of $2.24 billion and a P/E ratio of 2.60.

Hafnia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were paid a dividend of $0.0294 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $0.12 annualized dividend and a yield of 2.66%. Hafnia’s payout ratio is 7.28%.

Analysts Set New Price Targets

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