Hafnia Limited (NYSE:HAFN) Stock Holdings Reduced by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC cut its position in shares of Hafnia Limited (NYSE:HAFN) by 88.4% in the fourth quarter, Holdings Channel reports. The firm owned 146,419 shares of the company’s stock after selling 1,119,952 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Hafnia were worth $783,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in Hafnia by 125.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company’s stock worth $64,223,000 after buying an additional 6,530,482 shares during the last quarter. Barclays PLC raised its stake in shares of Hafnia by 72.7% in the 3rd quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock valued at $19,580,000 after acquiring an additional 1,151,528 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Hafnia in the 4th quarter worth approximately $3,123,000. Bank of New York Mellon Corp boosted its position in Hafnia by 100.4% during the fourth quarter. Bank of New York Mellon Corp now owns 573,825 shares of the company’s stock worth $3,196,000 after purchasing an additional 287,460 shares during the period. Finally, Jane Street Group LLC grew its holdings in Hafnia by 671.7% during the third quarter. Jane Street Group LLC now owns 257,427 shares of the company’s stock valued at $1,833,000 after purchasing an additional 224,070 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reduced their price objective on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, December 17th.

Hafnia Price Performance

NYSE HAFN opened at $3.83 on Wednesday. The stock has a 50-day simple moving average of $4.61 and a 200 day simple moving average of $5.46. Hafnia Limited has a twelve month low of $3.61 and a twelve month high of $8.99. The stock has a market capitalization of $1.94 billion and a PE ratio of 2.25. 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were issued a dividend of $0.0294 per share. The ex-dividend date was Friday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.07%. Hafnia’s dividend payout ratio (DPR) is presently 7.28%.

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.