Skandinaviska Enskilda Banken AB publ Cuts Stock Holdings in Hafnia Limited (NYSE:HAFN)

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Hafnia Limited (NYSE:HAFN) by 91.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,658 shares of the company’s stock after selling 314,079 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Hafnia were worth $167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Swiss National Bank boosted its stake 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 buying an additional 3,578 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Hafnia in the fourth quarter worth approximately $124,000. Amundi purchased a new stake in Hafnia in the fourth quarter worth approximately $159,000. Aigen Investment Management LP purchased a new stake in Hafnia in the fourth quarter worth approximately $162,000. Finally, U S Global Investors Inc. boosted its stake 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 buying an additional 9,703 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Hafnia Stock Performance

NYSE:HAFN opened at $4.44 on Wednesday. The firm has a market cap of $2.25 billion and a PE ratio of 2.61. Hafnia Limited has a fifty-two week low of $3.91 and a fifty-two week high of $8.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. The business has a 50 day moving average price of $5.03 and a 200-day moving average price of $5.81.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders 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 dividend yield of 2.65%. The ex-dividend date was Friday, March 7th. 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.