Tidal Investments LLC Takes $198,000 Position in Hafnia Limited (NYSE:HAFN)

Tidal Investments LLC bought a new position in Hafnia Limited (NYSE:HAFN) during the 3rd quarter, HoldingsChannel reports. The fund bought 27,703 shares of the company’s stock, valued at approximately $198,000.

Other hedge funds also recently made changes to their positions in the company. Mondrian Investment Partners LTD bought a new stake in Hafnia in the 2nd quarter worth $43,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Hafnia in the second quarter worth about $60,000. Prudential PLC bought a new stake in shares of Hafnia in the second quarter worth about $100,000. Infrastructure Capital Advisors LLC bought a new position in Hafnia during the 3rd quarter valued at approximately $119,000. Finally, Quantinno Capital Management LP purchased a new stake in Hafnia in the 3rd quarter worth approximately $128,000.

Analysts Set New Price Targets

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

Hafnia Trading Up 6.0 %

Shares of HAFN opened at $5.61 on Thursday. Hafnia Limited has a 1-year low of $4.99 and a 1-year high of $8.99. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $5.65 and its 200-day moving average price is $6.97. The firm has a market capitalization of $2.84 billion and a price-to-earnings ratio of 3.30.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were given a dividend of $0.379 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 27.02%. Hafnia’s payout ratio is 88.82%.

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.