Vanguard Group Inc. Acquires 218,341 Shares of Hafnia Limited $HAFN

Vanguard Group Inc. increased its stake in Hafnia Limited (NYSE:HAFN) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,858,241 shares of the company’s stock after acquiring an additional 218,341 shares during the quarter. Vanguard Group Inc. owned 2.14% of Hafnia worth $65,529,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in Hafnia by 92.1% during the third quarter. JPMorgan Chase & Co. now owns 448,644 shares of the company’s stock worth $2,687,000 after acquiring an additional 215,112 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in 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 purchasing an additional 11,269 shares in the last quarter. Savant Capital LLC raised its holdings in shares of Hafnia by 132.3% during the third quarter. Savant Capital LLC now owns 59,485 shares of the company’s stock valued at $356,000 after purchasing an additional 33,880 shares during the period. State of Wyoming raised its holdings in shares of Hafnia by 387.7% during the third quarter. State of Wyoming now owns 55,485 shares of the company’s stock valued at $332,000 after purchasing an additional 44,107 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of Hafnia by 2.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 128,851 shares of the company’s stock worth $772,000 after purchasing an additional 3,402 shares in the last quarter.

Wall Street Analysts Forecast Growth

HAFN has been the subject of a number of research analyst reports. Fearnley Fonds raised Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Weiss Ratings reiterated 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Hafnia Stock Performance

NYSE:HAFN opened at $7.47 on Friday. Hafnia Limited has a 52 week low of $3.61 and a 52 week high of $7.95. The firm has a 50-day moving average price of $6.32 and a two-hundred day moving average price of $6.12. 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 (NYSE:HAFN) last released its earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.The company had revenue of $592.96 million during the quarter, compared to analyst estimates of $285.64 million.

Hafnia Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.1762 per share. This represents a $0.70 annualized dividend and a yield of 9.4%. This is a boost from Hafnia’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 6th. Hafnia’s payout ratio is currently 86.76%.

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.