Callan Capital LLC Invests $112,000 in Hafnia Limited (NYSE:HAFN)

Callan Capital LLC purchased a new position in Hafnia Limited (NYSE:HAFN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 20,092 shares of the company’s stock, valued at approximately $112,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. DekaBank Deutsche Girozentrale increased its position in shares of Hafnia by 10.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company’s stock worth $21,350,000 after purchasing an additional 290,000 shares in the last quarter. Barclays PLC grew its holdings in shares of Hafnia by 72.7% during the third quarter. Barclays PLC now owns 2,734,506 shares of the company’s stock worth $19,580,000 after buying an additional 1,151,528 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Hafnia during the fourth quarter worth $3,123,000. Bank of Montreal Can purchased a new stake in shares of Hafnia during the third quarter worth $3,774,000. Finally, Mirabella Financial Services LLP purchased a new stake in Hafnia during the 3rd quarter valued at about $3,175,000.

Wall Street Analyst Weigh In

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

Hafnia Price Performance

HAFN stock opened at $5.05 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52. The business has a 50 day simple moving average of $5.39 and a 200-day simple moving average of $6.22. The firm has a market capitalization of $2.56 billion and a PE ratio of 2.97. Hafnia Limited has a 1 year low of $4.99 and a 1 year high of $8.99.

Hafnia (NYSE:HAFN) last announced its quarterly earnings data on Wednesday, November 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were issued a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 30.05%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia’s dividend payout ratio is presently 89.41%.

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.