Hafnia (NYSE:HAFN) Reaches New 1-Year High – Here’s What Happened
by Danessa Lincoln · The Markets DailyHafnia Limited (NYSE:HAFN – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $7.97 and last traded at $7.9450, with a volume of 1038944 shares. The stock had previously closed at $7.64.
Analyst Ratings Changes
Several analysts have issued reports on HAFN shares. Wall Street Zen lowered Hafnia from a “buy” rating to a “hold” rating in a report on Sunday, March 22nd. Dnb Carnegie downgraded Hafnia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Hafnia presently has an average rating of “Moderate Buy”.
Read Our Latest Report on HAFN
Hafnia Stock Up 4.0%
The stock has a market capitalization of $4.07 billion, a P/E ratio of 11.70 and a beta of 0.65. The company’s 50-day moving average price is $6.90 and its 200 day moving average price is $6.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 1.53.
Hafnia (NYSE:HAFN – Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. Hafnia had a net margin of 35.54% and a return on equity of 14.71%. The company had revenue of $599.88 million during the quarter, compared to the consensus estimate of $285.64 million.
Hafnia Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, March 6th were given a dividend of $0.1762 per share. This is an increase from Hafnia’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a dividend yield of 8.9%. The ex-dividend date was Friday, March 6th. Hafnia’s dividend payout ratio (DPR) is 102.94%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Kestra Advisory Services LLC bought a new stake in shares of Hafnia in the fourth quarter worth about $36,000. Royal Bank of Canada grew its holdings 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 in the last quarter. Smartleaf Asset Management LLC purchased a new position in Hafnia during the 4th quarter valued at approximately $47,000. GC Wealth Management RIA LLC bought a new stake in Hafnia in the 4th quarter worth approximately $53,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of Hafnia during the 2nd quarter worth approximately $55,000.
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.