Vanguard Group Inc. Buys 69,992 Shares of Hafnia Limited $HAFN

Vanguard Group Inc. grew its holdings in Hafnia Limited (NYSE:HAFN) by 0.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,928,233 shares of the company’s stock after purchasing an additional 69,992 shares during the period. Vanguard Group Inc.’s holdings in Hafnia were worth $58,870,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Wyoming bought a new position in shares of Hafnia in the 2nd quarter valued at $57,000. Merit Financial Group LLC increased its stake in shares of Hafnia by 42.6% in the 3rd quarter. Merit Financial Group LLC now owns 15,555 shares of the company’s stock valued at $93,000 after purchasing an additional 4,644 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in shares of Hafnia by 219.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 16,398 shares of the company’s stock valued at $98,000 after purchasing an additional 11,269 shares during the last quarter. Vise Technologies Inc. increased its stake in shares of Hafnia by 16.4% in the 3rd quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock valued at $98,000 after purchasing an additional 2,305 shares during the last quarter. Finally, Orion Porfolio Solutions LLC bought a new position in shares of Hafnia in the 2nd quarter valued at $112,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Hafnia from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. Finally, Dnb Carnegie lowered Hafnia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Hafnia presently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling at Hafnia

In related news, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.22, for a total transaction of $739,800.00. Following the sale, the chief financial officer owned 91,994 shares of the company’s stock, valued at $756,190.68. This trade represents a 49.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Mikael Opstun Skov sold 500,000 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $8.11, for a total value of $4,055,000.00. Following the sale, the chief executive officer directly owned 1,130,978 shares in the company, valued at approximately $9,172,231.58. This trade represents a 30.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,090,000 shares of company stock worth $8,854,800.

Hafnia Trading Up 0.6%

NYSE HAFN opened at $8.71 on Friday. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.39. Hafnia Limited has a twelve month low of $4.90 and a twelve month high of $9.53. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 12.80 and a beta of 0.86. The business’s fifty day moving average is $7.99 and its 200 day moving average is $6.78.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.The company had revenue of $599.88 million for the quarter, compared to the consensus estimate of $285.64 million.

Hafnia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 6th were issued a dividend of $0.1762 per share. This is a positive change from Hafnia’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.70 annualized dividend and a dividend yield of 8.1%. Hafnia’s dividend payout ratio (DPR) is 102.94%.

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.