Hafnia (NYSE:HAFN) Reaches New 1-Year High – Time to Buy?

Hafnia Limited (NYSE:HAFN) reached a new 52-week high during trading on Tuesday . The company traded as high as $7.33 and last traded at $7.2550, with a volume of 938040 shares trading hands. The stock had previously closed at $7.26.

Analyst Ratings Changes

Several brokerages have recently issued reports on HAFN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hafnia in a research report on Wednesday, December 24th. Fearnley Fonds upgraded Hafnia from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Hafnia has an average rating of “Buy”.

Hafnia Stock Performance

The firm’s 50-day moving average price is $5.93 and its two-hundred day moving average price is $6.00. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $3.68 billion, a PE ratio of 11.89 and a beta of 1.01.

Hafnia (NYSE:HAFN) last issued its quarterly earnings results on Monday, December 1st. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Hafnia had a return on equity of 13.50% and a net margin of 29.50%.The business had revenue of $247.00 million for the quarter, compared to the consensus estimate of $256.84 million.

Hafnia Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 9th were given a $0.147 dividend. This is a positive change from Hafnia’s previous quarterly dividend of $0.12. This represents a $0.59 annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend was Tuesday, December 9th. Hafnia’s payout ratio is presently 95.08%.

Institutional Trading of Hafnia

Large investors have recently made changes to their positions in the stock. MHR Fund Management LLC boosted its position in Hafnia by 24.0% during the third quarter. MHR Fund Management LLC now owns 17,186,714 shares of the company’s stock worth $102,948,000 after purchasing an additional 3,321,182 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Hafnia by 2,389.0% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 827,583 shares of the company’s stock worth $4,130,000 after buying an additional 794,334 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Hafnia by 5,973.8% during the 3rd quarter. Millennium Management LLC now owns 636,900 shares of the company’s stock worth $3,815,000 after buying an additional 626,414 shares during the period. Jane Street Group LLC grew its stake in Hafnia by 241.6% in the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock valued at $3,392,000 after buying an additional 576,629 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Hafnia by 17.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,870,521 shares of the company’s stock valued at $20,630,000 after buying an additional 571,909 shares during the last quarter.

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.