796,019 Shares in Hafnia Limited $HAFN Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in Hafnia Limited (NYSE:HAFN) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 796,019 shares of the company’s stock, valued at approximately $7,912,000.

A number of other institutional investors have also modified their holdings of the business. CWA Asset Management Group LLC raised its position in Hafnia by 46.6% in the 3rd quarter. CWA Asset Management Group LLC now owns 739,605 shares of the company’s stock valued at $7,352,000 after purchasing an additional 235,043 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Hafnia during the 2nd quarter worth $2,307,000. BTG Pactual Asset Management US LLC purchased a new position in Hafnia during the 2nd quarter worth $1,719,000. Segall Bryant & Hamill LLC purchased a new position in Hafnia during the 1st quarter worth $1,859,000. Finally, Bank of America Corp DE increased its stake in Hafnia by 175.0% in the first quarter. Bank of America Corp DE now owns 571,705 shares of the company’s stock valued at $4,345,000 after purchasing an additional 363,821 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HAFN shares. Wall Street Zen upgraded shares of Hafnia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. BTIG Research increased their target price on shares of Hafnia from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, September 18th. Pareto Securities raised Hafnia from a “hold” rating to a “buy” rating in a report on Tuesday, September 29th. Finally, Weiss Ratings raised Hafnia from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Hafnia currently has an average rating of “Buy” and a consensus price target of $12.00.

Hafnia Price Performance

Shares of NYSE:HAFN opened at $9.39 on Thursday. Hafnia Limited has a 52 week low of $5.17 and a 52 week high of $11.11. The company has a 50-day moving average price of $9.89 and a 200 day moving average price of $8.16. The company has a market cap of $4.82 billion, a P/E ratio of 7.12 and a beta of 0.46. The company has a quick ratio of 1.49, a current ratio of 1.66 and a debt-to-equity ratio of 0.25.

Hafnia (NYSE:HAFN) last released its earnings results on Saturday, August 29th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.02. Hafnia had a return on equity of 26.74% and a net margin of 56.72%. The company had revenue of $834.53 million for the quarter, compared to analysts’ expectations of $394.57 million.

Hafnia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were paid a $0.5003 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 21.3%. This is a boost from Hafnia’s previous quarterly dividend of $0.2877. The ex-dividend date was Tuesday, September 8th. Hafnia’s dividend payout ratio (DPR) is presently 151.52%.

About Hafnia

Hafnia Ltd. is an international shipping company that owns and operates tankers carrying petroleum products and other liquid cargoes. Its fleet serves customers across the energy and commodities industries, including oil companies and trading firms. The company transports clean petroleum products, such as gasoline and diesel, as well as crude oil, chemicals and vegetable oils. Its vessels operate on routes around the world, connecting producers, refineries and end markets. Hafnia is headquartered in Singapore and is led by Chief Executive Officer Mikael Skov.