Hafnia (NYSE:HAFN) Reaches New 52-Week High – What’s Next?

Hafnia Limited (NYSE:HAFN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $7.33 and last traded at $7.2550, with a volume of 938040 shares trading hands. The stock had previously closed at $7.26.

Wall Street Analyst Weigh In

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

Hafnia Stock Down 0.1%

The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average price of $5.93 and a two-hundred day moving average price of $6.00. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 11.89 and a beta of 1.01.

Hafnia (NYSE:HAFN) last posted its quarterly earnings data on Monday, December 1st. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $247.00 million for the quarter, compared to the consensus estimate of $256.84 million. Hafnia had a net margin of 29.50% and a return on equity of 13.50%.

Hafnia Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Tuesday, December 9th were paid a dividend of $0.147 per share. The ex-dividend date was Tuesday, December 9th. This is a positive change from Hafnia’s previous quarterly dividend of $0.12. This represents a $0.59 annualized dividend and a yield of 8.1%. Hafnia’s payout ratio is presently 95.08%.

Institutional Trading of Hafnia

Several hedge funds have recently made changes to their positions in HAFN. SBI Securities Co. Ltd. increased its holdings in shares of Hafnia by 53.9% during the second quarter. SBI Securities Co. Ltd. now owns 5,129 shares of the company’s stock valued at $26,000 after purchasing an additional 1,796 shares during the period. Kestra Advisory Services LLC bought a new position in Hafnia in the 4th quarter valued at about $36,000. Royal Bank of Canada increased its stake in Hafnia by 504.8% during the 4th quarter. Royal Bank of Canada now owns 7,185 shares of the company’s stock valued at $38,000 after buying an additional 5,997 shares during the period. Smartleaf Asset Management LLC bought a new stake in shares of Hafnia during the 4th quarter worth about $47,000. Finally, Sierra Capital LLC bought a new stake in shares of Hafnia during the 2nd quarter worth about $50,000.

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.