Hafnia (NYSE:HAFN) Downgraded by Wall Street Zen to “Buy”

by · The Markets Daily

Wall Street Zen downgraded shares of Hafnia (NYSE:HAFN – Free Report) from a strong-buy rating to a buy rating in a research note published on Saturday.

Several other research firms also recently commented on HAFN. Weiss Ratings reiterated a “hold (c)” rating on shares of Hafnia in a report on Monday, August 3rd. Pareto Securities cut Hafnia to a “hold” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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Hafnia Price Performance

Shares of NYSE:HAFN opened at $8.17 on Friday. The stock has a market cap of $4.19 billion, a PE ratio of 8.98 and a beta of 0.63. The company’s fifty day moving average is $7.41 and its 200 day moving average is $7.61. Hafnia has a 52 week low of $5.17 and a 52 week high of $9.53. 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 (NYSE:HAFN – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.36 earnings per share for the quarter. Hafnia had a net margin of 44.74% and a return on equity of 19.20%. The business had revenue of $688.87 million during the quarter.

Hafnia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Thursday, June 4th were paid a $0.2877 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This is a positive change from Hafnia’s previous quarterly dividend of $0.18. This represents a $1.15 annualized dividend and a dividend yield of 14.1%. Hafnia’s payout ratio is presently 126.37%.

Institutional Investors Weigh In On Hafnia

Several institutional investors have recently added to or reduced their stakes in HAFN. MHR Fund Management LLC grew its holdings in Hafnia by 7.6% in the 4th quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock worth $98,587,000 after acquiring an additional 1,309,938 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Hafnia by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 10,928,233 shares of the company’s stock valued at $58,870,000 after acquiring an additional 69,992 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Hafnia by 0.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 10,797,281 shares of the company’s stock valued at $82,532,000 after acquiring an additional 54,525 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Hafnia during the first quarter valued at about $32,205,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Hafnia by 17.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,870,521 shares of the company’s stock worth $20,630,000 after purchasing an additional 571,909 shares during the period.

Hafnia Company Profile

(Get Free Report)

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.

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