Hafnia (NYSE:HAFN) Reaches New 12-Month High – What’s Next?

Hafnia Limited (NYSE:HAFN)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $6.72 and last traded at $6.6450, with a volume of 1078195 shares changing hands. The stock had previously closed at $6.52.

Analyst Ratings Changes

HAFN has been the subject of a number of research analyst reports. Fearnley Fonds upgraded shares of Hafnia from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Hafnia in a research report on Wednesday, December 24th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Hafnia has a consensus rating of “Buy”.

Hafnia Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.38 and a current ratio of 1.52. The company’s fifty day moving average price is $5.75 and its 200 day moving average price is $5.92. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 10.89 and a beta of 1.01.

Hafnia (NYSE:HAFN) last issued its earnings results on Monday, December 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Hafnia had a net margin of 29.50% and a return on equity of 13.50%. The firm had revenue of $247.00 million for the quarter, compared to analysts’ expectations of $256.84 million.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Investors of record on Tuesday, December 9th were paid a dividend of $0.147 per share. This represents a $0.59 dividend on an annualized basis and a yield of 8.8%. The ex-dividend date was Tuesday, December 9th. This is an increase from Hafnia’s previous quarterly dividend of $0.12. Hafnia’s dividend payout ratio (DPR) is currently 95.08%.

Hedge Funds Weigh In On Hafnia

Several institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its stake in shares of Hafnia by 53.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock worth $26,000 after acquiring an additional 1,796 shares during the period. Earned Wealth Advisors LLC raised its holdings in Hafnia by 15.6% during the third quarter. Earned Wealth Advisors LLC now owns 16,917 shares of the company’s stock worth $101,000 after purchasing an additional 2,286 shares in the last quarter. Vise Technologies Inc. raised its holdings in Hafnia by 16.4% during the third quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock worth $98,000 after purchasing an additional 2,305 shares in the last quarter. TD Asset Management Inc lifted its position in Hafnia by 8.2% in the second quarter. TD Asset Management Inc now owns 30,727 shares of the company’s stock worth $154,000 after purchasing an additional 2,321 shares during the period. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in Hafnia by 2.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 128,851 shares of the company’s stock valued at $772,000 after purchasing an additional 3,402 shares in the last quarter.

Hafnia Company 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.