Hafnia Limited (NYSE:HAFN – Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $9.22, but opened at $8.81. Hafnia shares last traded at $8.7550, with a volume of 306,392 shares changing hands.
Analysts Set New Price Targets
HAFN has been the subject of several recent analyst reports. Weiss Ratings raised shares of Hafnia from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Wall Street Zen raised Hafnia from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 30th. Finally, Pareto Securities downgraded Hafnia to a “hold” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Hafnia currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Report on HAFN
Hafnia Price Performance
Hafnia (NYSE:HAFN – Get Free Report) last issued its earnings results on Saturday, August 29th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Hafnia had a return on equity of 26.74% and a net margin of 56.72%.The business had revenue of $834.53 million for the quarter, compared to analyst estimates of $394.57 million.
Hafnia Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be issued a $0.5003 dividend. This is a positive change from Hafnia’s previous quarterly dividend of $0.29. The ex-dividend date is Tuesday, September 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 22.8%. Hafnia’s dividend payout ratio (DPR) is 87.12%.
Hedge Funds Weigh In On Hafnia
Hedge funds and other institutional investors have recently modified their holdings of the company. Cercano Management LLC acquired a new stake in Hafnia during the 4th quarter worth approximately $1,426,000. Vanguard Group Inc. lifted its position in Hafnia by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 10,928,233 shares of the company’s stock valued at $58,870,000 after buying an additional 69,992 shares in the last quarter. Marnell Management LLC purchased a new stake in Hafnia during the fourth quarter worth approximately $2,155,000. UBS Group AG grew its stake in Hafnia by 81.4% during the fourth quarter. UBS Group AG now owns 530,248 shares of the company’s stock worth $2,826,000 after buying an additional 237,958 shares during the period. Finally, MHR Fund Management LLC increased its position in shares of Hafnia by 7.6% in the fourth quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock worth $98,587,000 after acquiring an additional 1,309,938 shares in the last quarter.
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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