Syquant Capital Sas Makes New Investment in Hafnia Limited (NYSE:HAFN)

Syquant Capital Sas purchased a new position in Hafnia Limited (NYSE:HAFN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,865 shares of the company’s stock, valued at approximately $165,000. Hafnia comprises about 0.2% of Syquant Capital Sas’ holdings, making the stock its 6th largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale increased its stake in Hafnia by 10.5% in the 3rd 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 during the period. Mirabella Financial Services LLP bought a new stake in shares of Hafnia in the 3rd quarter worth approximately $3,175,000. Marshall Wace LLP purchased a new stake in shares of Hafnia in the 2nd quarter worth approximately $1,025,000. Bank of Montreal Can bought a new position in Hafnia during the 3rd quarter valued at approximately $3,774,000. Finally, Glenorchy Capital Ltd purchased a new position in Hafnia during the third quarter valued at $726,000.

Hafnia Stock Performance

Shares of NYSE:HAFN traded up $0.08 during midday trading on Monday, hitting $6.00. The company had a trading volume of 1,093,973 shares, compared to its average volume of 2,267,242. Hafnia Limited has a 12-month low of $4.99 and a 12-month high of $8.99. 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 company has a market cap of $3.04 billion and a price-to-earnings ratio of 3.53. The company has a fifty day moving average of $5.48 and a two-hundred day moving average of $6.75.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were given a dividend of $0.379 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 25.27%. Hafnia’s payout ratio is 88.82%.

Analyst Ratings Changes

Separately, Jefferies Financial Group dropped their price objective 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 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.