DGS Capital Management LLC Buys New Shares in Hafnia Limited (NYSE:HAFN)

DGS Capital Management LLC purchased a new position in Hafnia Limited (NYSE:HAFN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,947 shares of the company’s stock, valued at approximately $121,000.

Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC acquired a new stake in shares of Hafnia in the 2nd quarter valued at about $107,651,000. DekaBank Deutsche Girozentrale boosted its holdings in Hafnia by 10.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company’s stock worth $21,350,000 after acquiring an additional 290,000 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Hafnia in the second quarter valued at approximately $24,514,000. Barclays PLC increased its holdings in shares of Hafnia by 72.7% during the third quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock valued at $19,580,000 after acquiring an additional 1,151,528 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Hafnia during the third quarter valued at approximately $3,774,000.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their target price on Hafnia from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, November 14th.

Hafnia Trading Up 2.3 %

HAFN opened at $5.42 on Friday. Hafnia Limited has a fifty-two week low of $5.13 and a fifty-two week high of $8.99. The firm has a market capitalization of $2.75 billion and a PE ratio of 3.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The company’s 50-day moving average is $5.94 and its 200 day moving average is $7.15.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th will be paid a $0.379 dividend. This represents a $1.52 annualized dividend and a dividend yield of 27.97%. The ex-dividend date of this dividend is Friday, December 6th. Hafnia’s dividend payout ratio (DPR) is presently 88.82%.

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.