Mitsubishi UFJ Trust & Banking Corp Trims Position in Hafnia Limited (NYSE:HAFN)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Hafnia Limited (NYSE:HAFN) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,411 shares of the company’s stock after selling 2,581 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Hafnia were worth $538,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Swiss National Bank boosted its stake in shares of Hafnia by 0.6% during the 4th quarter. Swiss National Bank now owns 555,852 shares of the company’s stock valued at $2,975,000 after purchasing an additional 3,578 shares in the last quarter. Sigma Planning Corp boosted its position in Hafnia by 30.8% during the 4th quarter. Sigma Planning Corp now owns 36,950 shares of the company’s stock valued at $206,000 after acquiring an additional 8,700 shares in the last quarter. U S Global Investors Inc. grew its holdings in shares of Hafnia by 20.7% during the 4th quarter. U S Global Investors Inc. now owns 56,508 shares of the company’s stock worth $300,000 after acquiring an additional 9,703 shares during the period. SJS Investment Consulting Inc. bought a new position in shares of Hafnia in the 4th quarter worth approximately $89,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Hafnia during the fourth quarter valued at approximately $92,000.

Analyst Upgrades and Downgrades

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 report on Tuesday, December 17th.

Hafnia Price Performance

Shares of NYSE HAFN opened at $4.16 on Wednesday. The company has a 50 day simple moving average of $4.76 and a two-hundred day simple moving average of $5.60. Hafnia Limited has a fifty-two week low of $3.91 and a fifty-two week high of $8.99. The company has a market capitalization of $2.11 billion and a price-to-earnings ratio of 2.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th were paid a dividend of $0.0294 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia’s payout ratio is 7.28%.

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.