Hafnia (NYSE:HAFN) Shares Gap Down – Should You Sell?

Hafnia Limited (NYSE:HAFN) gapped down prior to trading on Monday . The stock had previously closed at $7.65, but opened at $7.36. Hafnia shares last traded at $7.46, with a volume of 143,460 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HAFN. Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a report on Wednesday, May 6th. Wall Street Zen upgraded Hafnia from a “buy” rating to a “strong-buy” rating in a report on Monday, July 20th. Finally, Pareto Securities lowered Hafnia to a “hold” rating in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Hafnia Trading Up 0.9%

The stock has a market cap of $3.86 billion, a P/E ratio of 8.28 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.60. The firm’s fifty day simple moving average is $7.48 and its 200-day simple moving average is $7.39.

Hafnia (NYSE:HAFN) last posted 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 for the quarter.

Hafnia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.2877 per share. This represents a $1.15 dividend on an annualized basis and a yield of 15.3%. The ex-dividend date was Thursday, June 4th. This is an increase from Hafnia’s previous quarterly dividend of $0.18. Hafnia’s dividend payout ratio (DPR) is 126.37%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HAFN. Kestra Advisory Services LLC bought a new stake in shares of Hafnia during the 4th quarter valued at about $36,000. Royal Bank of Canada grew its stake in Hafnia by 504.8% during the fourth quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock worth $38,000 after purchasing an additional 5,997 shares during the period. Smartleaf Asset Management LLC bought a new stake in Hafnia in the fourth quarter worth approximately $47,000. Blue Trust Inc. bought a new stake in Hafnia in the first quarter worth approximately $48,000. Finally, GC Wealth Management RIA LLC acquired a new position in Hafnia in the fourth quarter valued at approximately $53,000.

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.