Vanguard Group Inc. Has $58.87 Million Stake in Hafnia Limited $HAFN

Vanguard Group Inc. grew its holdings in Hafnia Limited (NYSE:HAFN) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,928,233 shares of the company’s stock after buying an additional 69,992 shares during the period. Vanguard Group Inc.’s holdings in Hafnia were worth $58,870,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of Hafnia in the second quarter valued at approximately $57,000. Merit Financial Group LLC lifted its position in shares of Hafnia by 42.6% in the third quarter. Merit Financial Group LLC now owns 15,555 shares of the company’s stock valued at $93,000 after buying an additional 4,644 shares during the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Hafnia by 219.7% in the third quarter. SBI Securities Co. Ltd. now owns 16,398 shares of the company’s stock valued at $98,000 after buying an additional 11,269 shares during the last quarter. Vise Technologies Inc. lifted its position in shares of Hafnia by 16.4% in the third quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock valued at $98,000 after buying an additional 2,305 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of Hafnia in the second quarter valued at approximately $112,000.

Insiders Place Their Bets

In other Hafnia news, CEO Mikael Opstun Skov sold 500,000 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $8.11, for a total transaction of $4,055,000.00. Following the transaction, the chief executive officer owned 1,130,978 shares in the company, valued at $9,172,231.58. This trade represents a 30.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $739,800.00. Following the transaction, the chief financial officer owned 91,994 shares in the company, valued at approximately $756,190.68. This trade represents a 49.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,090,000 shares of company stock worth $8,854,800.

Hafnia Price Performance

Shares of NYSE HAFN opened at $8.71 on Friday. The firm has a market cap of $4.46 billion, a P/E ratio of 12.80 and a beta of 0.86. The company has a current ratio of 1.48, a quick ratio of 1.35 and a debt-to-equity ratio of 0.39. Hafnia Limited has a 1-year low of $4.90 and a 1-year high of $9.53. The business’s 50 day moving average is $7.99 and its 200-day moving average is $6.78.

Hafnia (NYSE:HAFN) last announced its earnings results 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 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 analyst estimates of $285.64 million.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were paid a dividend of $0.1762 per share. This is a boost from Hafnia’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 6th. This represents a $0.70 dividend on an annualized basis and a yield of 8.1%. Hafnia’s dividend payout ratio is 102.94%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in 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 investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.