U S Global Investors Inc. Takes Position in Hafnia Limited $HAFN

U S Global Investors Inc. bought a new position in shares of Hafnia Limited (NYSE:HAFN) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 105,179 shares of the company’s stock, valued at approximately $799,000.

A number of other hedge funds also recently modified their holdings of HAFN. Pictet Asset Management Holding SA raised its stake in Hafnia by 1.8% in the first quarter. Pictet Asset Management Holding SA now owns 91,384 shares of the company’s stock valued at $700,000 after purchasing an additional 1,650 shares in the last quarter. Blue Trust Inc. bought a new stake in Hafnia during the first quarter worth about $48,000. Assenagon Asset Management S.A. acquired a new stake in Hafnia during the first quarter worth about $32,205,000. Fearnley Asset Management AS acquired a new stake in Hafnia during the fourth quarter worth about $3,185,000. Finally, Aristides Capital LLC bought a new position in Hafnia in the 4th quarter valued at about $179,000.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Pareto Securities cut shares of Hafnia to a “hold” rating in a research report on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Hafnia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Hafnia currently has a consensus rating of “Moderate Buy”.

Hafnia Price Performance

Shares of HAFN stock traded up $0.23 on Friday, hitting $7.25. 1,195,154 shares of the company’s stock were exchanged, compared to its average volume of 1,831,948. The company has a 50 day moving average of $7.82 and a 200 day moving average of $7.20. The stock has a market cap of $3.72 billion, a P/E ratio of 7.97 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.60 and a quick ratio of 1.48. Hafnia Limited has a 12 month low of $5.12 and a 12 month high of $9.53.

Hafnia (NYSE:HAFN) last released its earnings results on Friday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter. The firm had revenue of $688.87 million for 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 disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Thursday, June 4th were given a dividend of $0.2877 per share. The ex-dividend date was Thursday, June 4th. This represents a $1.15 dividend on an annualized basis and a yield of 15.9%. This is a positive change from Hafnia’s previous quarterly dividend of $0.18. Hafnia’s dividend payout ratio is currently 126.37%.

Insider Buying and Selling

In related news, CEO Mikael Opstun Skov sold 500,000 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $8.11, for a total value of $4,055,000.00. Following the completion of the transaction, the chief executive officer owned 1,130,978 shares of the company’s stock, valued at $9,172,231.58. This represents a 30.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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.