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

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

A number of other large investors have also made changes to their positions in HAFN. Barclays PLC increased its position 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 purchasing an additional 1,151,528 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Hafnia during the 4th quarter valued at about $3,123,000. Bank of Montreal Can acquired a new position in shares of Hafnia during the third quarter valued at about $3,774,000. Mirabella Financial Services LLP acquired a new position in shares of Hafnia during the third quarter valued at about $3,175,000. Finally, DekaBank Deutsche Girozentrale increased its holdings 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 valued at $21,350,000 after acquiring an additional 290,000 shares in the last quarter.

Hafnia Price Performance

NYSE HAFN opened at $5.05 on Monday. The stock’s fifty day moving average price is $5.39 and its 200 day moving average price is $6.22. 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 $2.56 billion and a price-to-earnings 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 for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Hafnia had a return on equity of 36.90% and a net margin of 53.44%.

Hafnia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were given a dividend of $0.379 per share. This represents a $1.52 annualized dividend and a yield of 30.05%. The ex-dividend date was Friday, December 6th. Hafnia’s dividend payout ratio is currently 89.41%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut their price target on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating on the stock in a research note 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.