Hafnia Limited $HAFN Shares Bought by Corigliano Investment Advisers LLC

Corigliano Investment Advisers LLC boosted its holdings in Hafnia Limited (NYSE:HAFN) by 98.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 663,093 shares of the company’s stock after acquiring an additional 329,093 shares during the period. Hafnia accounts for about 1.3% of Corigliano Investment Advisers LLC’s portfolio, making the stock its 23rd biggest position. Corigliano Investment Advisers LLC’s holdings in Hafnia were worth $3,534,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of HAFN. MHR Fund Management LLC boosted its stake in Hafnia by 24.0% during the 3rd quarter. MHR Fund Management LLC now owns 17,186,714 shares of the company’s stock valued at $102,948,000 after purchasing an additional 3,321,182 shares during the period. Vanguard Group Inc. raised its stake in shares of Hafnia by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 10,928,233 shares of the company’s stock worth $58,870,000 after buying an additional 69,992 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Hafnia by 0.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 10,742,756 shares of the company’s stock worth $64,522,000 after acquiring an additional 54,905 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Hafnia by 17.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,870,521 shares of the company’s stock valued at $20,630,000 after purchasing an additional 571,909 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Hafnia by 241.6% during the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock valued at $3,392,000 after acquiring an additional 576,629 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a report on Wednesday, May 6th. Pareto Securities lowered shares of Hafnia to a “hold” rating in a research report on Wednesday, May 27th. Dnb Carnegie lowered Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Wall Street Zen raised shares of Hafnia from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Insider Activity

In related news, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $8.22, for a total transaction of $739,800.00. Following the completion of the sale, the chief financial officer owned 91,994 shares in the company, valued at $756,190.68. This trade represents a 49.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mikael Opstun Skov sold 500,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 1,130,978 shares of the company’s stock, valued at approximately $9,172,231.58. The trade was a 30.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,090,000 shares of company stock worth $8,854,800.

Hafnia Price Performance

Shares of NYSE:HAFN opened at $7.15 on Thursday. Hafnia Limited has a 1-year low of $4.90 and a 1-year 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 business’s 50 day moving average is $8.23 and its 200-day moving average is $7.04. The firm has a market capitalization of $3.66 billion, a PE ratio of 7.85 and a beta of 0.64.

Hafnia (NYSE:HAFN) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.36 earnings per share (EPS) for the quarter. The company had revenue of $688.87 million during the quarter. Hafnia had a net margin of 44.74% and a return on equity of 19.20%.

Hafnia Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, June 4th were given a $0.2877 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 16.1%. This is a positive change from Hafnia’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, June 4th. Hafnia’s dividend payout ratio (DPR) is currently 126.37%.

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.