DGS Capital Management LLC Increases Holdings in Hafnia Limited (NYSE:HAFN)

DGS Capital Management LLC increased its holdings in shares of Hafnia Limited (NYSE:HAFN) by 1,084.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,797 shares of the company’s stock after purchasing an additional 183,850 shares during the quarter. DGS Capital Management LLC’s holdings in Hafnia were worth $1,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in Hafnia in the 2nd quarter worth $183,000. Canada Pension Plan Investment Board bought a new position in Hafnia during the second quarter valued at approximately $860,000. Marshall Wace LLP purchased a new position in Hafnia during the 2nd quarter valued at approximately $1,025,000. The Manufacturers Life Insurance Company bought a new stake in Hafnia in the 2nd quarter worth approximately $246,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of Hafnia during the 2nd quarter worth approximately $1,784,000.

Hafnia Stock Down 3.1 %

Shares of NYSE:HAFN opened at $5.12 on Friday. The company has a market cap of $2.59 billion and a price-to-earnings ratio of 3.01. Hafnia Limited has a 12 month low of $4.99 and a 12 month 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 company has a 50-day moving average price of $5.50 and a 200 day moving average price of $6.59.

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

Hafnia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were paid a $0.379 dividend. This represents a $1.52 annualized dividend and a dividend yield of 29.64%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia’s dividend payout ratio is currently 89.41%.

Wall Street Analyst Weigh In

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

Hafnia Company 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.