Cercano Management LLC Acquires New Shares in Hafnia Limited $HAFN

Cercano Management LLC purchased a new position in Hafnia Limited (NYSE:HAFN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 264,379 shares of the company’s stock, valued at approximately $1,426,000.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Hafnia by 92.1% during the third 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 last quarter. Tweedy Browne Co LLC increased its position in shares of Hafnia by 110.9% during the 3rd quarter. Tweedy Browne Co LLC now owns 161,597 shares of the company’s stock valued at $968,000 after purchasing an additional 84,980 shares during the last quarter. UBS Group AG increased its position in shares of Hafnia by 81.4% during the 4th quarter. UBS Group AG now owns 530,248 shares of the company’s stock valued at $2,826,000 after purchasing an additional 237,958 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Hafnia by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 10,858,241 shares of the company’s stock valued at $65,529,000 after buying an additional 218,341 shares in the last quarter. Finally, Moody Aldrich Partners LLC purchased a new position in shares of Hafnia during the 4th quarter valued at about $550,000.

Hafnia Stock Up 1.6%

Shares of NYSE:HAFN opened at $7.78 on Tuesday. The firm has a market capitalization of $3.99 billion, a P/E ratio of 8.54 and a beta of 0.64. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.48 and a current ratio of 1.60. The stock has a 50 day moving average price of $8.27 and a 200-day moving average price of $6.95. Hafnia Limited has a 52-week low of $4.90 and a 52-week high of $9.53.

Hafnia (NYSE:HAFN) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $688.87 million for the quarter, compared to analyst estimates of $298.65 million. Hafnia had a net margin of 44.74% and a return on equity of 19.20%.

Hafnia Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Thursday, June 4th will be paid 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 dividend yield of 14.8%. The ex-dividend date is Thursday, June 4th. Hafnia’s dividend payout ratio (DPR) is presently 76.92%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HAFN. Pareto Securities cut shares of Hafnia to a “hold” rating in a research note on Wednesday, May 27th. Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. Wall Street Zen raised Hafnia from a “hold” rating to a “buy” rating in a research note on Saturday, April 25th. Finally, Dnb Carnegie downgraded Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. One research 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 stock has a consensus rating of “Moderate Buy”.

Insider Buying and Selling at Hafnia

In other news, CEO Mikael Opstun Skov sold 500,000 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $8.11, for a total transaction of $4,055,000.00. Following the transaction, the chief executive officer directly owned 1,130,978 shares of the company’s stock, valued at $9,172,231.58. This represents a 30.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer directly owned 91,994 shares in the company, valued at approximately $756,190.68. The trade was a 49.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,090,000 shares of company stock valued at $8,854,800 in the last 90 days.

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.