Hafnia Limited $HAFN is MHR Fund Management LLC’s 3rd Largest Position

MHR Fund Management LLC lifted its holdings in shares of Hafnia Limited (NYSE:HAFN) by 24.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,186,714 shares of the company’s stock after buying an additional 3,321,182 shares during the period. Hafnia makes up approximately 10.1% of MHR Fund Management LLC’s holdings, making the stock its 3rd largest position. MHR Fund Management LLC owned approximately 3.39% of Hafnia worth $102,948,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ increased its position in Hafnia by 2,389.0% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 827,583 shares of the company’s stock valued at $4,130,000 after acquiring an additional 794,334 shares during the period. Millennium Management LLC lifted its position in Hafnia by 5,973.8% during the 3rd quarter. Millennium Management LLC now owns 636,900 shares of the company’s stock worth $3,815,000 after acquiring an additional 626,414 shares during the period. Jane Street Group LLC grew its stake in shares of Hafnia by 241.6% in the 1st quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock valued at $3,392,000 after purchasing an additional 576,629 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hafnia by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 10,858,241 shares of the company’s stock valued at $65,529,000 after purchasing an additional 218,341 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Hafnia by 92.1% in the third quarter. JPMorgan Chase & Co. now owns 448,644 shares of the company’s stock valued at $2,687,000 after purchasing an additional 215,112 shares during the period.

Analyst Ratings Changes

Several research firms have recently commented on HAFN. Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. Wall Street Zen upgraded shares of Hafnia from a “hold” rating to a “buy” rating in a research report on Saturday. Dnb Carnegie cut shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, Fearnley Fonds upgraded shares of Hafnia from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Hafnia Stock Performance

NYSE HAFN opened at $6.75 on Tuesday. The company has a current ratio of 1.53, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average is $6.53 and its two-hundred day moving average is $6.18. Hafnia Limited has a 12-month low of $3.61 and a 12-month high of $7.95.

Hafnia (NYSE:HAFN) last issued its earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.22. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.The business had revenue of $592.96 million during the quarter, compared to the consensus estimate of $285.64 million.

Hafnia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were given a $0.1762 dividend. The ex-dividend date was Friday, March 6th. This is a positive change from Hafnia’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 10.4%. Hafnia’s dividend payout ratio (DPR) is currently 102.94%.

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.