Wall Street Zen upgraded shares of Hafnia (NYSE:HAFN – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.
Several other research firms have also recently weighed in on HAFN. Pareto Securities cut shares of Hafnia to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Hafnia presently has a consensus rating of “Moderate Buy”.
Get Our Latest Research Report on HAFN
Hafnia Trading Up 1.2%
Hafnia (NYSE:HAFN – Get Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.36 EPS 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 business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Thursday, June 4th were paid a $0.2877 dividend. This is an increase from Hafnia’s previous quarterly dividend of $0.18. This represents a $1.15 dividend on an annualized basis and a yield of 15.7%. The ex-dividend date of this dividend was Thursday, June 4th. Hafnia’s payout ratio is 126.37%.
Institutional Investors Weigh In On Hafnia
Several hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in shares of Hafnia during the 1st quarter worth $32,205,000. MHR Fund Management LLC increased its stake in Hafnia by 7.6% in the fourth quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock valued at $98,587,000 after acquiring an additional 1,309,938 shares during the last quarter. Millennium Management LLC increased its stake in Hafnia by 5,973.8% in the third quarter. Millennium Management LLC now owns 636,900 shares of the company’s stock valued at $3,815,000 after acquiring an additional 626,414 shares during the last quarter. Fearnley Asset Management AS purchased a new stake in Hafnia during the fourth quarter valued at about $3,185,000. Finally, Jane Street Group LLC raised its position in Hafnia by 241.6% during the first quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock valued at $3,392,000 after purchasing an additional 576,629 shares in the last quarter.
About Hafnia
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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