MHR Fund Management LLC Boosts Stake in Hafnia Limited $HAFN

MHR Fund Management LLC raised its holdings in shares of Hafnia Limited (NYSE:HAFN) by 7.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 18,496,652 shares of the company’s stock after buying an additional 1,309,938 shares during the period. Hafnia accounts for approximately 8.5% of MHR Fund Management LLC’s portfolio, making the stock its 3rd largest position. MHR Fund Management LLC’s holdings in Hafnia were worth $98,587,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HAFN. Engineers Gate Manager LP increased its holdings in shares of Hafnia by 30.2% in the fourth quarter. Engineers Gate Manager LP now owns 16,018 shares of the company’s stock worth $85,000 after purchasing an additional 3,720 shares during the last quarter. Corigliano Investment Advisers LLC increased its holdings in shares of Hafnia by 98.5% in the fourth quarter. Corigliano Investment Advisers LLC now owns 663,093 shares of the company’s stock worth $3,534,000 after purchasing an additional 329,093 shares during the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Hafnia by 8.2% in the fourth quarter. Boothbay Fund Management LLC now owns 152,519 shares of the company’s stock worth $813,000 after purchasing an additional 11,604 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Hafnia in the fourth quarter worth about $725,000. Finally, AQR Capital Management LLC bought a new stake in shares of Hafnia in the fourth quarter worth about $382,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Pareto Securities cut Hafnia to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a report on Wednesday, May 6th. Wall Street Zen raised Hafnia from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Finally, Dnb Carnegie cut Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. One investment 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.com, the company has a consensus rating of “Moderate Buy”.

Insider Activity

In related news, CFO Echtelt Petrus Wouter Van sold 90,000 shares of Hafnia stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $8.22, for a total value of $739,800.00. Following the completion of the transaction, the chief financial officer owned 91,994 shares in the company, valued at approximately $756,190.68. This trade represents a 49.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mikael Opstun Skov sold 500,000 shares of Hafnia stock in a transaction dated Monday, April 13th. The stock was 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 approximately $9,172,231.58. This represents a 30.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,090,000 shares of company stock valued at $8,854,800.

Hafnia Trading Down 2.8%

Shares of HAFN stock opened at $7.15 on Thursday. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 7.85 and a beta of 0.64. Hafnia Limited has a 12-month low of $4.90 and a 12-month high of $9.53. 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 stock’s 50-day moving average price is $8.23 and its 200-day moving average price is $7.04.

Hafnia (NYSE:HAFN) last released its quarterly earnings results on Friday, May 15th. The company reported $0.36 EPS for the quarter. The company 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 declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Thursday, June 4th were given a $0.2877 dividend. This is an increase from Hafnia’s previous quarterly dividend of $0.18. This represents a $1.15 annualized dividend and a yield of 16.1%. The ex-dividend date was Thursday, June 4th. Hafnia’s dividend payout ratio (DPR) is 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.