Vanguard Group Inc. Grows Position in Hafnia Limited $HAFN

Vanguard Group Inc. raised its stake in Hafnia Limited (NYSE:HAFN) by 2.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,858,241 shares of the company’s stock after buying an additional 218,341 shares during the period. Vanguard Group Inc.’s holdings in Hafnia were worth $65,529,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its holdings in Hafnia by 2,389.0% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 827,583 shares of the company’s stock valued at $4,130,000 after buying an additional 794,334 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Hafnia by 241.6% in the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock worth $3,392,000 after purchasing an additional 576,629 shares in the last quarter. Legal & General Group Plc increased its holdings in Hafnia by 14.5% in the 2nd quarter. Legal & General Group Plc now owns 731,651 shares of the company’s stock worth $3,660,000 after buying an additional 92,514 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Hafnia by 9.8% during the second quarter. Canada Pension Plan Investment Board now owns 677,261 shares of the company’s stock valued at $3,403,000 after purchasing an additional 60,210 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Hafnia by 92.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 448,644 shares of the company’s stock worth $2,687,000 after purchasing an additional 215,112 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hafnia in a research report on Wednesday, December 24th. Fearnley Fonds upgraded shares of Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Hafnia presently has an average rating of “Buy”.

Hafnia Price Performance

Hafnia stock opened at $7.47 on Friday. Hafnia Limited has a twelve month low of $3.61 and a twelve month high of $7.95. The company’s 50-day moving average price is $6.32 and its 200-day moving average price is $6.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 1.53.

Hafnia (NYSE:HAFN) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.22 EPS for the quarter, meeting the consensus estimate of $0.22. Hafnia had a net margin of 35.54% and a return on equity of 14.71%. The company had revenue of $592.96 million for the quarter, compared to the consensus estimate of $285.64 million.

Hafnia Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be paid a $0.1762 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $0.70 annualized dividend and a yield of 9.4%. This is a boost from Hafnia’s previous quarterly dividend of $0.15. Hafnia’s payout ratio is 86.76%.

Hafnia 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.