404,306 Shares in Hafnia Limited $HAFN Acquired by Marnell Management LLC

Marnell Management LLC acquired a new position in Hafnia Limited (NYSE:HAFN) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 404,306 shares of the company’s stock, valued at approximately $2,155,000. Hafnia makes up approximately 1.0% of Marnell Management LLC’s investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in Hafnia by 3.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 44,390 shares of the company’s stock worth $240,000 after buying an additional 1,509 shares in the last quarter. Vise Technologies Inc. grew its holdings in Hafnia by 16.4% in the 3rd quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock worth $98,000 after buying an additional 2,305 shares in the last quarter. TD Asset Management Inc grew its holdings in Hafnia by 7.1% in the 4th quarter. TD Asset Management Inc now owns 37,039 shares of the company’s stock worth $200,000 after buying an additional 2,453 shares in the last quarter. Glenorchy Capital Ltd grew its holdings in Hafnia by 3.6% in the 4th quarter. Glenorchy Capital Ltd now owns 98,964 shares of the company’s stock worth $527,000 after buying an additional 3,442 shares in the last quarter. Finally, Merit Financial Group LLC grew its holdings in Hafnia by 42.6% in the 3rd quarter. Merit Financial Group LLC now owns 15,555 shares of the company’s stock worth $93,000 after buying an additional 4,644 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HAFN shares. Wall Street Zen raised Hafnia from a “buy” rating to a “strong-buy” rating in a report on Saturday. Pareto Securities downgraded Hafnia to a “hold” rating in a research report on Wednesday, May 27th. Dnb Carnegie downgraded Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hafnia in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Hafnia presently has an average rating of “Moderate Buy”.

Insiders Place Their Bets

In other news, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.22, for a total transaction of $739,800.00. Following the completion of the sale, the chief financial officer owned 91,994 shares in the company, valued at approximately $756,190.68. This represents a 49.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mikael Opstun Skov sold 500,000 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $8.11, for a total value of $4,055,000.00. Following the sale, the chief executive officer owned 1,130,978 shares of the company’s stock, valued at $9,172,231.58. This trade represents a 30.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,090,000 shares of company stock valued at $8,854,800 in the last quarter.

Hafnia Price Performance

Shares of NYSE:HAFN opened at $7.49 on Monday. Hafnia Limited has a one year low of $4.90 and a one year high of $9.53. The stock has a fifty day moving average of $8.27 and a 200-day moving average of $7.01. The company has a market capitalization of $3.84 billion, a PE ratio of 8.23 and a beta of 0.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.60.

Hafnia (NYSE:HAFN) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.36 EPS for the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.The company had revenue of $688.87 million during the quarter.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Thursday, June 4th will be given a dividend of $0.2877 per share. This is a boost from Hafnia’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, June 4th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 15.4%. Hafnia’s payout ratio is currently 126.37%.

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.