Skandinaviska Enskilda Banken AB publ Sells 314,079 Shares of Hafnia Limited (NYSE:HAFN)

Skandinaviska Enskilda Banken AB publ lessened its holdings in shares of Hafnia Limited (NYSE:HAFN) by 91.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 30,658 shares of the company’s stock after selling 314,079 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Hafnia were worth $167,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Swiss National Bank raised its holdings in Hafnia by 0.6% in the fourth quarter. Swiss National Bank now owns 555,852 shares of the company’s stock worth $2,975,000 after purchasing an additional 3,578 shares in the last quarter. HighTower Advisors LLC bought a new position in Hafnia in the fourth quarter worth $124,000. Amundi bought a new position in Hafnia in the fourth quarter worth $159,000. Aigen Investment Management LP bought a new position in Hafnia in the fourth quarter worth $162,000. Finally, U S Global Investors Inc. raised its holdings in Hafnia by 20.7% in the fourth quarter. U S Global Investors Inc. now owns 56,508 shares of the company’s stock worth $300,000 after purchasing an additional 9,703 shares in the last quarter.

Hafnia Price Performance

Shares of NYSE:HAFN opened at $4.44 on Wednesday. Hafnia Limited has a 1-year low of $3.91 and a 1-year high of $8.99. 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 business has a fifty day moving average price of $5.03 and a 200-day moving average price of $5.81. The company has a market capitalization of $2.25 billion and a PE ratio of 2.61.

Hafnia Cuts Dividend

The business 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 annualized dividend and a dividend yield of 2.65%. Hafnia’s payout ratio is presently 7.28%.

Analyst Upgrades and Downgrades

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

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.