Hafnia (NYSE:HAFN) Trading Down 5.9% – Here’s Why

Hafnia Limited (NYSE:HAFN)’s stock price was down 5.9% on Thursday . The stock traded as low as $7.26 and last traded at $7.2750. Approximately 1,111,493 shares were traded during trading, a decline of 37% from the average daily volume of 1,753,838 shares. The stock had previously closed at $7.73.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HAFN shares. Dnb Carnegie downgraded shares of Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Wall Street Zen upgraded shares of Hafnia from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Pareto Securities downgraded shares of Hafnia to a “hold” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hafnia in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Hafnia has a consensus rating of “Moderate Buy”.

Hafnia Trading Up 0.2%

The firm has a market capitalization of $3.73 billion, a PE ratio of 7.99 and a beta of 0.64. The company has a quick ratio of 1.48, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. The business’s fifty day moving average price is $8.29 and its 200 day moving average price is $6.98.

Hafnia (NYSE:HAFN) last issued its quarterly earnings results on Friday, May 15th. The company reported $0.36 EPS for the quarter. The business 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.2877 per share. This represents a $1.15 dividend on an annualized basis and a dividend yield of 15.8%. This is a boost from Hafnia’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, June 4th. Hafnia’s payout ratio is presently 126.37%.

Insider Transactions at Hafnia

In other news, CFO Echtelt Petrus Wouter Van sold 90,000 shares of Hafnia 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 directly owned 91,994 shares in the company, valued at $756,190.68. The trade was a 49.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mikael Opstun Skov sold 500,000 shares of Hafnia stock in a transaction dated 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 owned 1,130,978 shares of the company’s stock, valued at approximately $9,172,231.58. This trade represents a 30.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,090,000 shares of company stock valued at $8,854,800.

Institutional Investors Weigh In On Hafnia

Several hedge funds have recently modified their holdings of the stock. Segall Bryant & Hamill LLC acquired a new stake in shares of Hafnia in the first quarter worth approximately $1,859,000. Bank of America Corp DE boosted its position in shares of Hafnia by 175.0% in the first quarter. Bank of America Corp DE now owns 571,705 shares of the company’s stock worth $4,345,000 after acquiring an additional 363,821 shares during the last quarter. Amundi boosted its position in shares of Hafnia by 5.4% in the first quarter. Amundi now owns 67,213 shares of the company’s stock worth $511,000 after acquiring an additional 3,465 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Hafnia by 7.0% in the first quarter. Quantinno Capital Management LP now owns 55,859 shares of the company’s stock worth $425,000 after acquiring an additional 3,639 shares during the last quarter. Finally, Aristides Capital LLC boosted its position in shares of Hafnia by 12.9% in the first quarter. Aristides Capital LLC now owns 37,882 shares of the company’s stock worth $288,000 after acquiring an additional 4,334 shares during the last quarter.

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.