Y Intercept Hong Kong Ltd Reduces Holdings in Hafnia Limited $HAFN

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Hafnia Limited (NYSE:HAFN) by 58.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,181 shares of the company’s stock after selling 107,037 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hafnia were worth $571,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HAFN. Kestra Advisory Services LLC bought a new position in Hafnia in the fourth quarter worth approximately $36,000. Royal Bank of Canada boosted its stake in shares of Hafnia by 504.8% during the 4th quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock worth $38,000 after acquiring an additional 5,997 shares during the last quarter. Smartleaf Asset Management LLC bought a new stake in shares of Hafnia during the 4th quarter valued at $47,000. Blue Trust Inc. bought a new stake in shares of Hafnia during the 1st quarter valued at $48,000. Finally, GC Wealth Management RIA LLC purchased a new stake in shares of Hafnia in the 4th quarter worth $53,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Pareto Securities cut Hafnia to a “hold” rating in a report on Wednesday, May 27th. Wall Street Zen cut Hafnia from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a research note 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Hafnia Stock Performance

HAFN opened at $7.32 on Tuesday. The company has a 50 day simple moving average of $7.78 and a two-hundred day simple moving average of $7.23. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 1.48. The firm has a market cap of $3.75 billion, a P/E ratio of 8.05 and a beta of 0.72. Hafnia Limited has a 1-year low of $5.12 and a 1-year high of $9.53.

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 net margin of 44.74% and a return on equity of 19.20%. The firm had revenue of $688.87 million for the quarter.

Hafnia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, June 4th were paid a $0.2877 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 15.7%. The ex-dividend date was Thursday, June 4th. This is a boost from Hafnia’s previous quarterly dividend of $0.18. Hafnia’s dividend payout ratio (DPR) is currently 126.37%.

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.