Hafnia Limited $HAFN is MHR Fund Management LLC’s 3rd Largest Position

MHR Fund Management LLC lifted its stake in Hafnia Limited (NYSE:HAFN) by 24.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,186,714 shares of the company’s stock after purchasing an additional 3,321,182 shares during the period. Hafnia makes up 10.1% of MHR Fund Management LLC’s investment portfolio, making the stock its 3rd largest holding. MHR Fund Management LLC’s holdings in Hafnia were worth $102,948,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Hafnia by 82.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 431,462 shares of the company’s stock worth $1,795,000 after buying an additional 194,751 shares during the period. Jane Street Group LLC increased its holdings in Hafnia by 241.6% in the first 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 in the last quarter. Savant Capital LLC acquired a new stake in shares of Hafnia during the 2nd quarter valued at approximately $128,000. Vise Technologies Inc. purchased a new stake in shares of Hafnia during the 2nd quarter worth approximately $70,000. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Hafnia by 53.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock worth $26,000 after acquiring an additional 1,796 shares in the last quarter.

Hafnia Trading Up 1.3%

Shares of NYSE HAFN opened at $6.75 on Tuesday. The firm’s 50-day moving average is $6.53 and its two-hundred day moving average is $6.18. Hafnia Limited has a 12-month low of $3.61 and a 12-month high of $7.95. The company has a quick ratio of 1.40, a current ratio of 1.53 and a debt-to-equity ratio of 0.40.

Hafnia (NYSE:HAFN) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $285.64 million.

Hafnia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were given a dividend of $0.1762 per share. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Hafnia’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 10.4%. Hafnia’s dividend payout ratio (DPR) is 102.94%.

Analyst Ratings Changes

HAFN has been the subject of several research analyst reports. Dnb Carnegie downgraded Hafnia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hafnia in a research report on Wednesday, December 24th. Wall Street Zen raised Hafnia from a “hold” rating to a “buy” rating in a report on Saturday. Finally, 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 issued a Hold rating to the company. Based on data from MarketBeat, Hafnia has an average rating of “Moderate Buy”.

Hafnia 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.