Hafnia (NYSE:HAFN) Releases Quarterly Earnings Results, Meets Expectations

Hafnia (NYSE:HAFN) posted its quarterly earnings results on Thursday. The company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22, FiscalAI reports. Hafnia had a net margin of 29.50% and a return on equity of 13.50%. The business had revenue of $592.96 million during the quarter, compared to analysts’ expectations of $285.64 million.

Hafnia Stock Performance

Shares of HAFN traded up $0.16 during mid-day trading on Thursday, hitting $7.42. 1,461,141 shares of the company’s stock were exchanged, compared to its average volume of 1,127,790. The stock’s 50-day simple moving average is $6.04 and its 200-day simple moving average is $6.03. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. Hafnia has a 52 week low of $3.61 and a 52 week high of $7.57.

Hafnia Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be given a dividend of $0.1762 per share. This is a positive change from Hafnia’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date of this dividend is Friday, March 6th. Hafnia’s payout ratio is 96.72%.

Wall Street Analysts Forecast Growth

HAFN has been the topic of a number of research analyst reports. Fearnley Fonds upgraded Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Hafnia presently has an average rating of “Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Kestra Advisory Services LLC acquired a new stake in shares of Hafnia in the 4th quarter valued at about $36,000. Royal Bank of Canada grew its holdings in shares of Hafnia by 504.8% in the fourth quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock valued at $38,000 after acquiring an additional 5,997 shares in the last quarter. Smartleaf Asset Management LLC purchased a new stake in shares of Hafnia during the 4th quarter valued at $47,000. State of Wyoming bought a new stake in shares of Hafnia in the 2nd quarter worth approximately $57,000. Finally, Mcguire Capital Advisors Inc. purchased a new stake in Hafnia during the fourth quarter valued at about $80,000.

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.