Hafnia (NYSE:HAFN) Upgraded at Wall Street Zen

Hafnia (NYSE:HAFN) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other brokerages have also recently commented on HAFN. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a research report on Wednesday, May 6th. Pareto Securities cut Hafnia to a “hold” rating in a research report on Wednesday, May 27th. Finally, Dnb Carnegie cut Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Hafnia presently has an average rating of “Moderate Buy”.

Hafnia Stock Up 2.8%

HAFN stock opened at $7.49 on Friday. Hafnia has a twelve month low of $4.90 and a twelve month high of $9.53. The company has a market cap of $3.84 billion, a PE ratio of 8.23 and a beta of 0.64. The business’s 50-day simple moving average is $8.27 and its 200 day simple moving average is $7.01. 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) last released its earnings results on Friday, May 15th. The company reported $0.36 earnings per share for the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.The business had revenue of $688.87 million for the quarter.

Insiders Place Their Bets

In other Hafnia news, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the company’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.22, for a total value of $739,800.00. Following the sale, the chief financial officer directly owned 91,994 shares in the company, valued at $756,190.68. This represents a 49.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $4,055,000.00. Following the completion of the sale, the chief executive officer owned 1,130,978 shares in the company, valued at $9,172,231.58. This trade represents a 30.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,090,000 shares of company stock worth $8,854,800 over the last quarter.

Hedge Funds Weigh In On Hafnia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HAFN. The Manufacturers Life Insurance Company grew its holdings in shares of Hafnia by 3.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 44,390 shares of the company’s stock worth $240,000 after purchasing an additional 1,509 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Hafnia by 1.8% during the first quarter. Pictet Asset Management Holding SA now owns 91,384 shares of the company’s stock worth $700,000 after purchasing an additional 1,650 shares in the last quarter. Vise Technologies Inc. lifted its position in shares of Hafnia by 16.4% during the third quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock worth $98,000 after purchasing an additional 2,305 shares in the last quarter. TD Asset Management Inc lifted its position in shares of Hafnia by 7.1% during the fourth quarter. TD Asset Management Inc now owns 37,039 shares of the company’s stock worth $200,000 after purchasing an additional 2,453 shares in the last quarter. Finally, Glenorchy Capital Ltd lifted its position in shares of Hafnia by 3.6% during the fourth quarter. Glenorchy Capital Ltd now owns 98,964 shares of the company’s stock worth $527,000 after purchasing an additional 3,442 shares in 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.