Key Points
- CFO Echtelt Petrus Wouter Van sold 90,000 shares of Hafnia on April 7 at an average price of $8.22 for total proceeds of $739,800, leaving him with 91,994 shares — a 49.45% reduction in his ownership; the transaction was disclosed in an SEC Form 4.
- Hafnia posted quarterly EPS of $0.22 (in line with estimates) and revenue of $599.88 million, well above expectations, with a net margin of 35.54% and return on equity of 14.71%.
- The board increased the quarterly dividend to $0.1762 (annualized $0.70) implying an 8.5% yield, though the payout ratio is about 102.9%, raising sustainability concerns.
Hafnia Limited (NYSE:HAFN - Get Free Report) CFO Echtelt Petrus Wouter Van sold 90,000 shares of the company's stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $8.22, for a total value of $739,800.00. Following the completion of the sale, the chief financial officer directly owned 91,994 shares of the company's stock, valued at approximately $756,190.68. This trade represents a 49.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Hafnia Stock Up 0.8%
Shares of NYSE:HAFN opened at $8.29 on Friday. The stock has a market cap of $4.25 billion, a P/E ratio of 12.18 and a beta of 0.54. The firm has a fifty day moving average price of $7.17 and a 200 day moving average price of $6.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.40. Hafnia Limited has a 1-year low of $3.91 and a 1-year high of $8.52.
Hafnia (NYSE:HAFN - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The firm had revenue of $599.88 million during the quarter, compared to analysts' expectations of $285.64 million. Hafnia had a net margin of 35.54% and a return on equity of 14.71%.
Hafnia Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were given a dividend of $0.1762 per share. This represents a $0.70 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend was Friday, March 6th. This is a positive change from Hafnia's previous quarterly dividend of $0.15. Hafnia's payout ratio is 102.94%.
Institutional Trading of Hafnia
Several hedge funds have recently modified their holdings of HAFN. Kestra Advisory Services LLC acquired a new stake in shares of Hafnia in the fourth quarter valued at about $36,000. Royal Bank of Canada lifted its stake in shares of Hafnia by 504.8% in the fourth quarter. Royal Bank of Canada now owns 7,185 shares of the company's stock valued at $38,000 after purchasing an additional 5,997 shares during the period. Smartleaf Asset Management LLC acquired a new stake in shares of Hafnia in the fourth quarter valued at about $47,000. GC Wealth Management RIA LLC acquired a new stake in shares of Hafnia in the fourth quarter valued at about $53,000. Finally, State of Wyoming acquired a new stake in shares of Hafnia in the second quarter valued at about $57,000.
Analyst Upgrades and Downgrades
Several analysts have recently commented on the stock. Dnb Carnegie cut shares of Hafnia from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 12th. Weiss Ratings restated a "hold (c-)" rating on shares of Hafnia in a research note on Wednesday, December 24th. Finally, Wall Street Zen cut shares of Hafnia from a "buy" rating to a "hold" rating in a research note on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".
Read Our Latest Stock Analysis on HAFN
About Hafnia
(
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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