Infrastructure Capital Advisors LLC Invests $119,000 in Hafnia Limited (NYSE:HAFN)

Infrastructure Capital Advisors LLC bought a new position in shares of Hafnia Limited (NYSE:HAFN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,572 shares of the company’s stock, valued at approximately $119,000.

Other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale grew its holdings in Hafnia by 10.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company’s stock worth $21,350,000 after purchasing an additional 290,000 shares during the last quarter. Mirabella Financial Services LLP acquired a new stake in shares of Hafnia during the third quarter worth $3,175,000. Marshall Wace LLP acquired a new stake in shares of Hafnia during the second quarter worth $1,025,000. Glenorchy Capital Ltd acquired a new stake in shares of Hafnia during the third quarter worth $726,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Hafnia during the second quarter worth $107,651,000.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered their price objective on shares of Hafnia from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, November 14th.

Hafnia Stock Up 5.8 %

HAFN opened at $5.64 on Friday. Hafnia Limited has a fifty-two week low of $5.13 and a fifty-two week high of $8.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49. The company has a fifty day moving average of $6.34 and a two-hundred day moving average of $7.38. The stock has a market capitalization of $2.86 billion and a price-to-earnings ratio of 3.32.

Hafnia Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.379 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 26.88%. Hafnia’s dividend payout ratio is currently 95.29%.

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.