Dynamic Technology Lab Private Ltd Invests $242,000 in Hafnia Limited (NYSE:HAFN)

Dynamic Technology Lab Private Ltd acquired a new stake in Hafnia Limited (NYSE:HAFN) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,779 shares of the company’s stock, valued at approximately $242,000.

Several other hedge funds have also recently added to or reduced their stakes in HAFN. Acadian Asset Management LLC acquired a new position in shares of Hafnia during the 2nd quarter worth about $107,651,000. DekaBank Deutsche Girozentrale increased its stake in Hafnia by 10.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company’s stock valued at $21,350,000 after purchasing an additional 290,000 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in Hafnia in the second quarter worth $24,514,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Hafnia during the second quarter worth $4,327,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Hafnia in the 2nd quarter valued at $2,421,000.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reduced 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 Price Performance

Shares of HAFN opened at $5.69 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49. The firm has a market capitalization of $2.88 billion and a PE ratio of 3.35. The stock has a 50 day simple moving average of $6.31 and a 200 day simple moving average of $7.34. Hafnia Limited has a 52-week low of $5.13 and a 52-week high of $8.99.

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 given a dividend of $0.379 per share. This represents a $1.52 annualized dividend and a dividend yield of 26.64%. The ex-dividend date of this dividend is Thursday, December 5th. Hafnia’s dividend payout ratio is 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.