528,054 Shares in Hafnia Limited (NYSE:HAFN) Purchased by Bank of Montreal Can

Bank of Montreal Can bought a new stake in shares of Hafnia Limited (NYSE:HAFN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 528,054 shares of the company’s stock, valued at approximately $3,774,000. Bank of Montreal Can owned 0.10% of Hafnia at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mondrian Investment Partners LTD purchased a new position in shares of Hafnia during the second quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Hafnia in the second quarter valued at approximately $60,000. Prudential PLC purchased a new stake in shares of Hafnia in the second quarter valued at approximately $100,000. TD Asset Management Inc purchased a new stake in shares of Hafnia in the second quarter valued at approximately $148,000. Finally, XTX Topco Ltd purchased a new stake in shares of Hafnia in the second quarter valued at approximately $183,000.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reduced 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 Performance

Shares of HAFN stock opened at $5.79 on Thursday. The business’s fifty day simple moving average is $6.21 and its 200-day simple moving average is $7.29. The company has a market cap of $2.93 billion and a PE ratio of 3.41. The company has a current ratio of 1.70, a quick ratio of 1.33 and a debt-to-equity ratio of 0.34. Hafnia Limited has a 12-month low of $5.13 and a 12-month high of $8.99.

Hafnia Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th will be given a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 26.18%. The ex-dividend date of this dividend is Friday, December 6th. Hafnia’s payout ratio is presently 95.29%.

About Hafnia

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.