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

Dynamic Technology Lab Private Ltd bought a new position in Hafnia Limited (NYSE:HAFN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 33,779 shares of the company’s stock, valued at approximately $242,000.

A number of other large investors have also bought and sold shares of the business. Mondrian Investment Partners LTD acquired a new position in Hafnia in the second quarter worth $43,000. Allspring Global Investments Holdings LLC acquired a new position in Hafnia during the 2nd quarter worth about $60,000. Prudential PLC acquired a new position in Hafnia during the 2nd quarter worth about $100,000. TD Asset Management Inc bought a new stake in Hafnia during the 2nd quarter worth about $148,000. Finally, XTX Topco Ltd acquired a new stake in Hafnia in the 2nd quarter valued at about $183,000.

Wall Street Analyst Weigh In

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

Hafnia Trading Up 0.9 %

HAFN stock opened at $5.69 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. Hafnia Limited has a twelve month low of $5.13 and a twelve month high of $8.99. The company has a market cap of $2.88 billion and a P/E ratio of 3.35. The business has a fifty day moving average of $6.31 and a 200-day moving average of $7.34.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.379 per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $1.52 annualized dividend and a yield of 26.64%. Hafnia’s dividend payout ratio is currently 88.82%.

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.