Hafnia (NYSE:HAFN) Sets New 12-Month High – Time to Buy?

Hafnia Limited (NYSE:HAFN)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $8.83 and last traded at $8.7850, with a volume of 1948809 shares trading hands. The stock had previously closed at $8.59.

Analyst Upgrades and Downgrades

HAFN has been the topic of several recent analyst reports. Wall Street Zen raised Hafnia from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Dnb Carnegie lowered Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Hafnia presently has a consensus rating of “Moderate Buy”.

Hafnia Trading Up 1.8%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.35 and a current ratio of 1.48. The firm has a market capitalization of $4.58 billion, a PE ratio of 13.15 and a beta of 0.54. The stock’s 50-day simple moving average is $7.75 and its 200-day simple moving average is $6.59.

Hafnia (NYSE:HAFN) last posted its earnings results on Thursday, February 26th. The company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The firm had revenue of $599.88 million during the quarter, compared to analysts’ expectations of $285.64 million. Hafnia had a net margin of 35.54% and a return on equity of 14.71%.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were issued a $0.1762 dividend. This represents a $0.70 annualized dividend and a yield of 7.9%. This is a boost from Hafnia’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 6th. Hafnia’s dividend payout ratio (DPR) is 102.94%.

Insider Activity at Hafnia

In other news, CEO Mikael Opstun Skov sold 500,000 shares of the stock in a transaction that occurred on 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were 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 of the company’s stock, valued at approximately $756,190.68. The trade was a 49.45% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,090,000 shares of company stock worth $8,854,800.

Hedge Funds Weigh In On Hafnia

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

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.