Hafnia (NYSE:HAFN) Shares Gap Down – Time to Sell?

Hafnia Limited (NYSE:HAFN)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $7.65, but opened at $7.36. Hafnia shares last traded at $7.46, with a volume of 143,460 shares traded.

Analysts Set New Price Targets

A number of research analysts have issued reports on HAFN shares. Pareto Securities downgraded shares of Hafnia to a “hold” rating in a research report on Wednesday, May 27th. Wall Street Zen upgraded shares of Hafnia from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Hafnia Stock Performance

The company has a current ratio of 1.60, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.85 billion, a price-to-earnings ratio of 8.25 and a beta of 0.72. The stock has a 50 day moving average price of $7.53 and a two-hundred day moving average price of $7.36.

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

Hafnia Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, June 4th were issued a dividend of $0.2877 per share. This represents a $1.15 dividend on an annualized basis and a yield of 15.3%. This is an increase from Hafnia’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, June 4th. Hafnia’s dividend payout ratio (DPR) is 126.37%.

Institutional Trading of Hafnia

A number of institutional investors and hedge funds have recently modified their holdings of HAFN. JPMorgan Chase & Co. raised its position in shares of Hafnia by 92.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 448,644 shares of the company’s stock valued at $2,687,000 after acquiring an additional 215,112 shares during the period. Cercano Management LLC bought a new position in Hafnia during the 4th quarter worth approximately $1,426,000. Marnell Management LLC acquired a new position in Hafnia during the fourth quarter valued at approximately $2,155,000. MHR Fund Management LLC grew its holdings in Hafnia by 7.6% during the fourth quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock valued at $98,587,000 after purchasing an additional 1,309,938 shares during the period. Finally, UBS Group AG increased its stake in Hafnia by 81.4% in the fourth quarter. UBS Group AG now owns 530,248 shares of the company’s stock valued at $2,826,000 after purchasing an additional 237,958 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.