SJS Investment Consulting Inc. Buys New Stake in Hafnia Limited (NYSE:HAFN)

SJS Investment Consulting Inc. acquired a new stake in Hafnia Limited (NYSE:HAFN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,974 shares of the company’s stock, valued at approximately $89,000.

A number of other large investors have also recently bought and sold shares of HAFN. Clear Harbor Asset Management LLC acquired a new position in Hafnia in the 4th quarter valued at $92,000. Infrastructure Capital Advisors LLC purchased a new stake in shares of Hafnia in the third quarter valued at about $119,000. DGS Capital Management LLC acquired a new position in shares of Hafnia during the third quarter worth about $121,000. Quantinno Capital Management LP purchased a new position in Hafnia during the third quarter worth about $128,000. Finally, Syquant Capital Sas acquired a new stake in Hafnia in the fourth quarter valued at about $165,000.

Hafnia Price Performance

Shares of NYSE HAFN opened at $5.12 on Friday. The company’s fifty day moving average is $5.50 and its two-hundred day moving average is $6.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. The firm has a market capitalization of $2.59 billion and a P/E ratio of 3.01. Hafnia Limited has a one year low of $4.99 and a one year high of $8.99.

Hafnia (NYSE:HAFN) last released 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 6th were paid a $0.379 dividend. This represents a $1.52 annualized dividend and a yield of 29.64%. The ex-dividend date was Friday, December 6th. Hafnia’s payout ratio is currently 89.41%.

Analysts Set New Price Targets

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

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.