Hafnia Limited (NYSE:HAFN) Position Trimmed by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in Hafnia Limited (NYSE:HAFN) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 238,712 shares of the company’s stock after selling 18,715 shares during the quarter. Jane Street Group LLC’s holdings in Hafnia were worth $1,330,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. WealthCollab LLC acquired a new position in Hafnia in the 4th quarter valued at approximately $28,000. The Manufacturers Life Insurance Company grew its holdings in shares of Hafnia by 11.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 33,126 shares of the company’s stock valued at $178,000 after acquiring an additional 3,387 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of Hafnia during the 4th quarter valued at $458,000. Hsbc Holdings PLC acquired a new position in shares of Hafnia in the fourth quarter worth $711,000. Finally, SIH Partners LLLP purchased a new stake in shares of Hafnia during the fourth quarter worth $276,000.

Hafnia Price Performance

NYSE HAFN opened at $5.35 on Tuesday. 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 market capitalization of $2.71 billion and a PE ratio of 3.15. Hafnia Limited has a 12-month low of $3.61 and a 12-month high of $8.99. The company has a 50 day moving average price of $4.46 and a two-hundred day moving average price of $4.99.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Hafnia had a net margin of 53.44% and a return on equity of 36.90%. The business had revenue of $340.34 million during the quarter, compared to analyst estimates of $250.80 million.

Hafnia Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, June 4th. Investors of record on Monday, May 26th will be issued a $0.1015 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 7.59%. Hafnia’s dividend payout ratio (DPR) is currently 33.06%.

Wall Street Analyst Weigh In

Separately, Fearnley Fonds upgraded Hafnia to a “strong-buy” rating in a research note on Tuesday, May 6th.

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.