Clear Harbor Asset Management LLC Makes New $92,000 Investment in Hafnia Limited (NYSE:HAFN)

Clear Harbor Asset Management LLC purchased a new stake in shares of Hafnia Limited (NYSE:HAFN) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 16,500 shares of the company’s stock, valued at approximately $92,000.

A number of other hedge funds have also recently made changes to their positions in the company. Infrastructure Capital Advisors LLC bought a new position in Hafnia in the 3rd quarter valued at approximately $119,000. DGS Capital Management LLC bought a new position in shares of Hafnia during the third quarter valued at $121,000. Quantinno Capital Management LP acquired a new position in shares of Hafnia during the third quarter worth $128,000. XTX Topco Ltd acquired a new position in shares of Hafnia during the second quarter worth $183,000. Finally, Tidal Investments LLC bought a new stake in shares of Hafnia in the third quarter worth $198,000.

Hafnia Stock Down 1.3 %

Hafnia stock opened at $5.04 on Thursday. The firm has a 50 day moving average price of $5.51 and a two-hundred day moving average price of $6.63. 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 52-week low of $4.99 and a 52-week high of $8.99. The firm has a market cap of $2.55 billion and a price-to-earnings ratio of 2.96.

Hafnia (NYSE:HAFN) last released its earnings results on Wednesday, November 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.09. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.

Hafnia Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 6th were paid a dividend of $0.379 per share. The ex-dividend date was Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 30.11%. Hafnia’s dividend payout ratio is currently 89.41%.

Analyst Upgrades and Downgrades

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

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.