Hafnia (NYSE:HAFN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Hafnia (NYSE:HAFN) from a buy rating to a strong-buy rating in a research note published on Monday morning.

A number of other equities analysts have also commented on HAFN. Weiss Ratings restated a “hold (c)” rating on shares of Hafnia in a research report on Wednesday, May 6th. Pareto Securities lowered Hafnia to a “hold” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Hafnia Stock Performance

NYSE:HAFN opened at $7.51 on Monday. The firm has a market capitalization of $3.85 billion, a PE ratio of 8.26 and a beta of 0.72. The company has a quick ratio of 1.48, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. Hafnia has a 12-month low of $5.17 and a 12-month high of $9.53. The firm has a 50-day moving average price of $7.57 and a 200 day moving average price of $7.33.

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

Hafnia Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, June 4th were given a dividend of $0.2877 per share. This represents a $1.15 dividend on an annualized basis and a yield of 15.3%. The ex-dividend date was Thursday, June 4th. This is a boost from Hafnia’s previous quarterly dividend of $0.18. Hafnia’s dividend payout ratio is currently 126.37%.

Hedge Funds Weigh In On Hafnia

Several large investors have recently bought and sold shares of HAFN. Kestra Advisory Services LLC bought a new position in shares of Hafnia in the 4th quarter worth $36,000. Royal Bank of Canada raised 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 valued at $38,000 after acquiring an additional 5,997 shares during the period. Smartleaf Asset Management LLC bought a new position in Hafnia during the 4th quarter worth approximately $47,000. Blue Trust Inc. bought a new stake in Hafnia in the first quarter valued at approximately $48,000. Finally, GC Wealth Management RIA LLC bought a new position in shares of Hafnia during the fourth quarter worth $53,000.

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.