Key Points
- Hafnia CEO Mikael Opstun Skov sold a total of 1,000,000 shares in two transactions (500,000 on April 10 and 500,000 on April 13) for roughly $8.115 million, cutting his ownership by 30.66% to 1,130,978 shares (valued at about $9.17M).
- The company raised its quarterly dividend to $0.1762 (annualized $0.70), representing an 8.7% yield while the dividend payout ratio is elevated at 102.94%.
- Hafnia reported quarterly EPS of $0.22 (in line with estimates) on revenue of $599.9M—well above the $285.6M estimate—trades at a P/E of ~11.94, and has a market cap of roughly $4.16B.
Hafnia Limited (NYSE:HAFN - Get Free Report) CEO Mikael Opstun Skov sold 500,000 shares of the company's stock in a transaction on Monday, April 13th. The shares were 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 $9,172,231.58. This represents a 30.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Mikael Opstun Skov also recently made the following trade(s):
- On Friday, April 10th, Mikael Opstun Skov sold 500,000 shares of Hafnia stock. The stock was sold at an average price of $8.12, for a total transaction of $4,060,000.00.
Hafnia Price Performance
HAFN stock opened at $8.12 on Wednesday. The firm's 50-day moving average price is $7.29 and its two-hundred day moving average price is $6.39. Hafnia Limited has a 12-month low of $4.12 and a 12-month high of $8.52. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 11.94 and a beta of 0.54. The company has a current ratio of 1.53, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40.
Hafnia (NYSE:HAFN - Get Free Report) last posted its 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 company had revenue of $599.88 million during the quarter, compared to analyst estimates of $285.64 million. Hafnia had a net margin of 35.54% and a return on equity of 14.71%.
Hafnia Increases Dividend
The firm also recently declared 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 8.7%. 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 dividend payout ratio is currently 102.94%.
Institutional Trading of Hafnia
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Fearnley Asset Management AS bought a new stake in Hafnia during the 4th quarter valued at approximately $3,185,000. Aristides Capital LLC bought a new position in shares of Hafnia in the 4th quarter worth approximately $179,000. Virtu Financial LLC bought a new position in shares of Hafnia in the 4th quarter worth approximately $174,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Hafnia in the 4th quarter valued at approximately $80,000. Finally, Mackenzie Financial Corp boosted its position in shares of Hafnia by 18.3% during the fourth quarter. Mackenzie Financial Corp now owns 240,088 shares of the company's stock valued at $1,297,000 after purchasing an additional 37,138 shares in the last quarter.
Analyst Upgrades and Downgrades
HAFN has been the topic of several research analyst reports. Dnb Carnegie cut Hafnia from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 12th. Wall Street Zen lowered Hafnia from a "buy" rating to a "hold" rating in a research note on Sunday, March 22nd. Finally, Weiss Ratings reiterated a "hold (c-)" rating on shares of Hafnia in a report on Wednesday, December 24th. One research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Stock Report on Hafnia
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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