DGS Capital Management LLC Acquires 183,850 Shares of Hafnia Limited (NYSE:HAFN)

DGS Capital Management LLC raised its holdings in shares of Hafnia Limited (NYSE:HAFN) by 1,084.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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.

A number of other large investors have also recently made changes to their positions in HAFN. XTX Topco Ltd bought a new stake in Hafnia during the 2nd quarter valued at about $183,000. Canada Pension Plan Investment Board purchased a new position in shares of Hafnia during the second quarter worth approximately $860,000. Marshall Wace LLP purchased a new stake in shares of Hafnia in the second quarter valued at approximately $1,025,000. The Manufacturers Life Insurance Company bought a new position in Hafnia in the second quarter worth approximately $246,000. Finally, Mackenzie Financial Corp purchased a new position in Hafnia during the 2nd quarter worth $1,784,000.

Wall Street Analyst Weigh In

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

Hafnia Trading Down 3.1 %

NYSE:HAFN opened at $5.12 on Friday. The firm has a 50-day simple moving average of $5.50 and a 200-day simple moving average of $6.59. Hafnia Limited has a one year low of $4.99 and a one year high of $8.99. The firm has a market cap of $2.59 billion and a P/E ratio of 3.01. 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 (NYSE:HAFN) last issued its quarterly earnings data 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 net margin of 53.44% and a return on equity of 36.90%.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 6th were given a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a yield of 29.64%. The ex-dividend date was Friday, December 6th. Hafnia’s payout ratio is currently 89.41%.

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.