Hafnia Limited (NYSE:HAFN) Short Interest Up 22.5% in March

Hafnia Limited (NYSE:HAFN) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 3,089,336 shares, a growth of 22.5% from the March 15th total of 2,522,390 shares. Based on an average daily trading volume, of 2,056,949 shares, the short-interest ratio is presently 1.5 days. Currently, 0.6% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, CEO Mikael Opstun Skov sold 500,000 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $8.11, for a total value of $4,055,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,130,978 shares of the company’s stock, valued at $9,172,231.58. This trade represents a 30.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Echtelt Petrus Wouter Van sold 90,000 shares of Hafnia stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $8.22, for a total value of $739,800.00. Following the completion of the transaction, the chief financial officer owned 91,994 shares of the company’s stock, valued at approximately $756,190.68. This trade represents a 49.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,090,000 shares of company stock worth $8,854,800 in the last three months.

Institutional Investors Weigh In On Hafnia

Hedge funds have recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Hafnia by 82.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 431,462 shares of the company’s stock valued at $1,795,000 after acquiring an additional 194,751 shares during the last quarter. Jane Street Group LLC grew its position in Hafnia by 241.6% during the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock worth $3,392,000 after acquiring an additional 576,629 shares during the last quarter. JPMorgan Chase & Co. grew its position in Hafnia by 26.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 233,532 shares of the company’s stock worth $1,165,000 after acquiring an additional 49,409 shares during the last quarter. First Trust Advisors LP increased its stake in Hafnia by 138.5% in the 2nd quarter. First Trust Advisors LP now owns 144,871 shares of the company’s stock worth $725,000 after purchasing an additional 84,140 shares during the period. Finally, Baird Financial Group Inc. bought a new stake in Hafnia in the second quarter valued at approximately $131,000.

Analyst Upgrades and Downgrades

HAFN has been the subject of several analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. Dnb Carnegie cut Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Wall Street Zen downgraded shares of Hafnia from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Hafnia Price Performance

Shares of NYSE HAFN traded down $0.09 during midday trading on Thursday, hitting $8.12. 1,103,973 shares of the company’s stock were exchanged, compared to its average volume of 1,722,062. The company has a current ratio of 1.53, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40. The business’s fifty day moving average price is $7.33 and its two-hundred day moving average price is $6.41. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 11.93 and a beta of 0.54. Hafnia has a 12-month low of $4.16 and a 12-month high of $8.52.

Hafnia (NYSE:HAFN) last announced its earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The business had revenue of $599.88 million during the quarter, compared to analyst estimates of $285.64 million. Hafnia had a net margin of 35.54% and a return on equity of 14.71%.

Hafnia Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 6th were given a $0.1762 dividend. This represents a $0.70 annualized dividend and a yield of 8.7%. This is a boost from Hafnia’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 6th. Hafnia’s dividend payout ratio (DPR) is presently 102.94%.

Hafnia Company Profile

Hafnia is a global shipping company listed on the New York Stock Exchange under the ticker HAFN. The firm specializes in the marine transportation of refined petroleum products, providing safe and reliable shipping solutions across key global trade lanes. Its core operations focus on the carriage of gasoline, diesel, jet fuel and other clean petroleum products, catering to the needs of oil majors, trading houses and independent refiners.

The company operates a modern fleet of double-hulled product tankers, managed to comply with stringent safety and environmental standards.