Hafnia (NYSE:HAFN) Downgraded to “Hold” Rating by Dnb Carnegie

Hafnia (NYSE:HAFN) was downgraded by equities researchers at Dnb Carnegie from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also issued reports on HAFN. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. Fearnley Fonds upgraded Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Hafnia presently has an average rating of “Moderate Buy”.

Hafnia Stock Performance

NYSE HAFN opened at $6.63 on Thursday. The firm’s 50 day simple moving average is $6.47 and its 200 day simple moving average is $6.16. The company has a current ratio of 1.53, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40. Hafnia has a 1 year low of $3.61 and a 1 year high of $7.95.

Hafnia (NYSE:HAFN) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.22. Hafnia had a net margin of 35.54% and a return on equity of 14.71%. The business had revenue of $592.96 million for the quarter, compared to analysts’ expectations of $285.64 million.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MHR Fund Management LLC boosted 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 valued at $98,587,000 after acquiring an additional 1,309,938 shares in the last quarter. Vanguard Group Inc. increased its holdings in Hafnia by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 10,928,233 shares of the company’s stock worth $58,870,000 after purchasing an additional 69,992 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Hafnia by 0.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 10,742,756 shares of the company’s stock valued at $64,522,000 after purchasing an additional 54,905 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Hafnia by 17.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,870,521 shares of the company’s stock valued at $20,630,000 after purchasing an additional 571,909 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Hafnia by 2,389.0% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 827,583 shares of the company’s stock valued at $4,130,000 after purchasing an additional 794,334 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.