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

DGS Capital Management LLC boosted its stake in Hafnia Limited (NYSE:HAFN - Free Report) by 1,084.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 200,797 shares of the company's stock after buying an additional 183,850 shares during the period. 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 hedge funds and other institutional investors have also recently made changes to their positions in HAFN. DekaBank Deutsche Girozentrale lifted its position in Hafnia by 10.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company's stock valued at $21,350,000 after acquiring an additional 290,000 shares during the period. Mirabella Financial Services LLP purchased a new position in shares of Hafnia during the third quarter valued at approximately $3,175,000. Marshall Wace LLP bought a new stake in shares of Hafnia in the 2nd quarter worth approximately $1,025,000. Bank of Montreal Can bought a new stake in shares of Hafnia in the 3rd quarter worth approximately $3,774,000. Finally, Jane Street Group LLC grew its stake in shares of Hafnia by 671.7% in the 3rd quarter. Jane Street Group LLC now owns 257,427 shares of the company's stock worth $1,833,000 after buying an additional 224,070 shares during the last quarter.

Hafnia Stock Down 3.1 %

NYSE:HAFN traded down $0.17 on Friday, reaching $5.12. 5,104,889 shares of the stock traded hands, compared to its average volume of 2,400,418. 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 market capitalization 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's fifty day simple moving average is $5.50 and its 200 day simple moving average is $6.58.

Hafnia (NYSE:HAFN - Get Free Report) last announced its quarterly earnings results on Wednesday, November 27th. The company reported $0.42 earnings per share 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 declared 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%.

Analyst Ratings Changes

Separately, Jefferies Financial Group lowered their price objective on Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, December 17th.

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.