Centiva Capital LP Takes Position in Hafnia Limited (NYSE:HAFN)

Centiva Capital LP purchased a new position in shares of Hafnia Limited (NYSE:HAFN) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,000 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds also recently made changes to their positions in the company. Mondrian Investment Partners LTD acquired a new stake in shares of Hafnia in the 2nd quarter valued at $43,000. Allspring Global Investments Holdings LLC acquired a new position in Hafnia in the second quarter valued at approximately $60,000. Prudential PLC acquired a new stake in Hafnia during the 2nd quarter worth $100,000. Infrastructure Capital Advisors LLC bought a new stake in shares of Hafnia during the 3rd quarter valued at $119,000. Finally, TD Asset Management Inc acquired a new position in shares of Hafnia in the 2nd quarter valued at $148,000.

Hafnia Stock Performance

Shares of HAFN stock opened at $5.30 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The company has a fifty day moving average price of $5.98 and a two-hundred day moving average price of $7.17. The stock has a market cap of $2.69 billion and a P/E ratio of 3.12. Hafnia Limited has a one year low of $5.13 and a one year high of $8.99.

Hafnia Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, December 6th will be paid a $0.379 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 28.60%. Hafnia’s dividend payout ratio (DPR) is presently 88.82%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lowered their target price 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 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.