Segall Bryant & Hamill LLC bought a new stake in shares of Hafnia Limited (NYSE:HAFN – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 254,469 shares of the company’s stock, valued at approximately $1,859,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Hafnia by 175.0% in the 1st quarter. Bank of America Corp DE now owns 571,705 shares of the company’s stock worth $4,345,000 after acquiring an additional 363,821 shares during the period. Amundi boosted its holdings in shares of Hafnia by 5.4% in the first quarter. Amundi now owns 67,213 shares of the company’s stock valued at $511,000 after acquiring an additional 3,465 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Hafnia by 7.0% during the first quarter. Quantinno Capital Management LP now owns 55,859 shares of the company’s stock valued at $425,000 after acquiring an additional 3,639 shares during the period. Aristides Capital LLC increased its stake in shares of Hafnia by 12.9% during the first quarter. Aristides Capital LLC now owns 37,882 shares of the company’s stock valued at $288,000 after acquiring an additional 4,334 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Hafnia by 0.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,797,281 shares of the company’s stock worth $82,532,000 after purchasing an additional 54,525 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on HAFN shares. Wall Street Zen upgraded Hafnia from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. Finally, Pareto Securities cut Hafnia to a “hold” rating in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Hafnia Price Performance
Shares of Hafnia stock opened at $7.46 on Wednesday. Hafnia Limited has a 52 week low of $5.17 and a 52 week high of $9.53. The company has a current ratio of 1.60, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The stock has a market cap of $3.83 billion, a PE ratio of 8.20 and a beta of 0.63. The company’s 50-day moving average price is $7.38 and its two-hundred day moving average price is $7.45.
Hafnia (NYSE:HAFN – Get Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.36 earnings per share for the quarter. Hafnia had a net margin of 44.74% and a return on equity of 19.20%. The company had revenue of $688.87 million during the quarter.
Hafnia Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Thursday, June 4th were paid a dividend of $0.2877 per share. This is a boost from Hafnia’s previous quarterly dividend of $0.18. This represents a $1.15 annualized dividend and a yield of 15.4%. The ex-dividend date of this dividend was Thursday, June 4th. Hafnia’s dividend payout ratio (DPR) is currently 126.37%.
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.
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