Hafnia Limited (NYSE:HAFN – Get Free Report) shares reached a new 52-week high on Wednesday. The company traded as high as $11.12 and last traded at $10.9150, with a volume of 1,341,510 shares trading hands. The stock had previously closed at $10.61.
Analyst Ratings Changes
A number of brokerages have recently commented on HAFN. BTIG Research increased their price objective on Hafnia from $10.00 to $12.00 and gave the company a “buy” rating in a report on Friday, September 18th. Pareto Securities raised Hafnia from a “hold” rating to a “buy” rating in a report on Tuesday, September 29th. Weiss Ratings upgraded Hafnia from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, September 21st. Finally, Wall Street Zen cut shares of Hafnia from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 26th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $12.00.
Read Our Latest Report on HAFN
Hafnia Stock Down 0.1%
The firm’s 50-day simple moving average is $9.62 and its 200 day simple moving average is $7.99. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.49 and a current ratio of 1.66. The company has a market cap of $5.67 billion, a P/E ratio of 8.35 and a beta of 0.52.
Hafnia (NYSE:HAFN – Get Free Report) last announced its quarterly earnings data on Saturday, August 29th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The business had revenue of $834.53 million during the quarter, compared to analysts’ expectations of $394.57 million. Hafnia had a return on equity of 26.74% and a net margin of 56.72%.
Hafnia Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 8th were given a dividend of $0.5003 per share. This represents a $2.00 annualized dividend and a yield of 18.1%. The ex-dividend date was Tuesday, September 8th. This is a positive change from Hafnia’s previous quarterly dividend of $0.2877. Hafnia’s dividend payout ratio (DPR) is 151.52%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. U S Global Investors Inc. grew its holdings in Hafnia by 54.6% in the third quarter. U S Global Investors Inc. now owns 77,419 shares of the company’s stock worth $770,000 after purchasing an additional 27,335 shares during the period. CWA Asset Management Group LLC grew its holdings in Hafnia by 46.6% during the third quarter. CWA Asset Management Group LLC now owns 739,605 shares of the company’s stock valued at $7,352,000 after purchasing an additional 235,043 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in Hafnia by 3.8% during the third quarter. TD Waterhouse Canada Inc. now owns 93,010 shares of the company’s stock valued at $936,000 after purchasing an additional 3,413 shares during the last quarter. Engineers Gate Manager LP boosted its holdings in shares of Hafnia by 45.1% in the second quarter. Engineers Gate Manager LP now owns 199,008 shares of the company’s stock worth $1,321,000 after acquiring an additional 61,859 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Hafnia in the second quarter valued at approximately $410,000.
About Hafnia
Hafnia Limited is a global owner and operator of product tankers that transport refined petroleum products, chemicals, and vegetable oils. The company provides maritime transportation services to energy companies, commodity traders, and industrial customers through a fleet of vessels serving international shipping routes.
In addition to owning and operating tankers, Hafnia offers commercial management, chartering, pool management, and technical and operational services. Its activities span the transportation of clean petroleum products, including gasoline, diesel, and jet fuel, as well as other liquid cargoes.
Hafnia is headquartered in Singapore and operates internationally, with activities and offices serving major energy and shipping markets.
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