Graham Capital Management L.P. Buys 174,644 Shares of Hafnia Limited (NYSE:HAFN)

Graham Capital Management L.P. grew its stake in Hafnia Limited (NYSE:HAFN) by 1,152.5% during the 4th quarter, HoldingsChannel reports. The fund owned 189,798 shares of the company’s stock after purchasing an additional 174,644 shares during the quarter. Graham Capital Management L.P.’s holdings in Hafnia were worth $1,057,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HAFN. Barclays PLC raised its stake in shares of Hafnia by 72.7% in the third quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock worth $19,580,000 after purchasing an additional 1,151,528 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Hafnia in the third quarter worth $198,000. Assenagon Asset Management S.A. purchased a new position in shares of Hafnia in the fourth quarter worth $3,123,000. Clear Harbor Asset Management LLC purchased a new position in shares of Hafnia in the fourth quarter worth $92,000. Finally, DGS Capital Management LLC raised its stake in shares of Hafnia by 1,084.9% in the fourth quarter. DGS Capital Management LLC now owns 200,797 shares of the company’s stock worth $1,118,000 after purchasing an additional 183,850 shares during the last quarter.

Hafnia Stock Up 0.8%

Hafnia stock opened at $5.15 on Wednesday. The stock has a market cap of $2.61 billion and a PE ratio of 3.03. 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 Limited has a one year low of $3.61 and a one year high of $8.99. The stock has a fifty day moving average of $4.38 and a 200 day moving average of $5.02.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were given a dividend of $0.0294 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date was Friday, March 7th. Hafnia’s dividend payout ratio (DPR) is presently 7.28%.

Wall Street Analyst Weigh In

Separately, Fearnley Fonds upgraded Hafnia to a “strong-buy” rating in a research note on Tuesday, May 6th.

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.