Hafnia Limited (NYSE:HAFN) Given Average Recommendation of “Moderate Buy” by Brokerages

Hafnia Limited (NYSE:HAFNGet Free Report) has earned a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $12.00.

Several brokerages recently commented on HAFN. BTIG Research lifted their target price on shares of Hafnia from $10.00 to $12.00 and gave the stock a “buy” rating in a report on Friday. Weiss Ratings upgraded shares of Hafnia from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Wall Street Zen upgraded shares of Hafnia from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 30th. Finally, Pareto Securities downgraded shares of Hafnia to a “hold” rating in a report on Wednesday, May 27th.

Read Our Latest Research Report on Hafnia

Institutional Investors Weigh In On Hafnia

Institutional investors have recently added to or reduced their stakes in the company. MHR Fund Management LLC grew its holdings in shares of Hafnia by 7.6% during the 4th quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock worth $98,587,000 after purchasing an additional 1,309,938 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Hafnia by 0.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 10,797,281 shares of the company’s stock valued at $82,532,000 after purchasing an additional 54,525 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Hafnia in the first quarter valued at $32,205,000. Bank of New York Mellon Corp lifted its position in Hafnia by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 1,681,217 shares of the company’s stock worth $12,777,000 after purchasing an additional 22,351 shares during the period. Finally, Corigliano Investment Advisers LLC lifted its position in Hafnia by 98.5% in the fourth quarter. Corigliano Investment Advisers LLC now owns 663,093 shares of the company’s stock worth $3,534,000 after purchasing an additional 329,093 shares during the period.

Hafnia Stock Down 0.1%

HAFN stock opened at $9.71 on Friday. The firm has a market cap of $4.97 billion, a PE ratio of 7.35 and a beta of 0.65. Hafnia has a 1 year low of $5.17 and a 1 year high of $9.86. The company has a fifty day simple moving average of $8.08 and a 200 day simple moving average of $7.90. The company has a current ratio of 1.66, a quick ratio of 1.49 and a debt-to-equity ratio of 0.25.

Hafnia (NYSE:HAFNGet Free Report) last announced its quarterly earnings results on Saturday, August 29th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Hafnia had a return on equity of 26.74% and a net margin of 56.72%.The company had revenue of $834.53 million during the quarter, compared to analysts’ expectations of $394.57 million.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.5003 per share. This is an increase from Hafnia’s previous quarterly dividend of $0.29. This represents a $2.00 dividend on an annualized basis and a dividend yield of 20.6%. The ex-dividend date of this dividend is Tuesday, September 8th. Hafnia’s dividend payout ratio (DPR) is currently 151.52%.

About Hafnia

(Get Free Report)

Hafnia Limited is a global maritime transportation company focused on the ownership and operation of product tankers. The company transports refined petroleum products, chemicals, and vegetable and animal oils for energy companies, commodity traders, and industrial customers.

Its activities include commercial management, chartering, vessel operations, and technical management. Hafnia operates across major international shipping routes and serves customers in key energy and commodity markets worldwide.

Hafnia is headquartered in Singapore and is part of the BW Group.

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Analyst Recommendations for Hafnia (NYSE:HAFN)

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