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

Shares of Hafnia Limited (NYSE:HAFN) reached a new 52-week high during trading on Wednesday . The company traded as high as $7.02 and last traded at $6.9550, with a volume of 1313661 shares. The stock had previously closed at $6.71.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HAFN shares. 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 issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Hafnia Stock Up 3.5%

The firm has a 50-day simple moving average of $5.81 and a 200 day simple moving average of $5.96. The company has a market capitalization of $3.52 billion, a PE ratio of 11.39 and a beta of 1.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.52 and a quick ratio of 1.38.

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

Hafnia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Tuesday, December 9th were given a dividend of $0.147 per share. The ex-dividend date of this dividend was Tuesday, December 9th. This is an increase from Hafnia’s previous quarterly dividend of $0.12. This represents a $0.59 dividend on an annualized basis and a dividend yield of 8.5%. Hafnia’s dividend payout ratio is presently 95.08%.

Institutional Investors Weigh In On Hafnia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in Hafnia by 3.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 44,390 shares of the company’s stock valued at $240,000 after buying an additional 1,509 shares during the last quarter. SBI Securities Co. Ltd. increased its position in shares of Hafnia by 53.9% during the second 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 last quarter. Earned Wealth Advisors LLC lifted its stake in shares of Hafnia by 15.6% in the third quarter. Earned Wealth Advisors LLC now owns 16,917 shares of the company’s stock worth $101,000 after acquiring an additional 2,286 shares in the last quarter. Vise Technologies Inc. boosted its holdings in Hafnia by 16.4% in the third quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock valued at $98,000 after purchasing an additional 2,305 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in Hafnia by 8.2% during the 2nd quarter. TD Asset Management Inc now owns 30,727 shares of the company’s stock valued at $154,000 after purchasing an additional 2,321 shares in the last quarter.

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.