Hafnia (NYSE:HAFN) Hits New 12-Month High – Here’s Why

Hafnia Limited (NYSE:HAFN)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $7.89 and last traded at $7.77, with a volume of 4173665 shares. The stock had previously closed at $7.69.

Wall Street Analyst Weigh In

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

Hafnia Stock Performance

The stock has a fifty day simple moving average of $6.14 and a 200-day simple moving average of $6.07. The stock has a market cap of $3.94 billion, a P/E ratio of 11.43 and a beta of 1.01. 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 posted its quarterly earnings data on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $592.96 million during the quarter, compared to the consensus estimate of $285.64 million. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.

Hafnia Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, March 6th will be given a $0.1762 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 9.1%. This is an increase from Hafnia’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 6th. Hafnia’s payout ratio is 102.94%.

Hedge Funds Weigh In On Hafnia

Large investors have recently modified their holdings of the business. Aristides Capital LLC bought a new position in shares of Hafnia in the 4th quarter valued at about $179,000. Virtu Financial LLC acquired a new position in Hafnia during the fourth quarter valued at approximately $174,000. Mcguire Capital Advisors Inc. acquired a new position in Hafnia during the fourth quarter valued at approximately $80,000. Mackenzie Financial Corp grew its stake in Hafnia by 18.3% in the fourth quarter. Mackenzie Financial Corp now owns 240,088 shares of the company’s stock valued at $1,297,000 after purchasing an additional 37,138 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of Hafnia by 170.2% during the 4th quarter. XTX Topco Ltd now owns 282,479 shares of the company’s stock worth $1,506,000 after purchasing an additional 177,949 shares during 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.