Marnell Management LLC Acquires New Position in Hafnia Limited $HAFN

Marnell Management LLC acquired a new stake in Hafnia Limited (NYSE:HAFN) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 404,306 shares of the company’s stock, valued at approximately $2,155,000. Hafnia comprises approximately 1.0% of Marnell Management LLC’s holdings, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HAFN. MHR Fund Management LLC increased its holdings in Hafnia by 24.0% in the third quarter. MHR Fund Management LLC now owns 17,186,714 shares of the company’s stock valued at $102,948,000 after buying an additional 3,321,182 shares during the last quarter. Millennium Management LLC increased its holdings in Hafnia by 5,973.8% in the third quarter. Millennium Management LLC now owns 636,900 shares of the company’s stock valued at $3,815,000 after buying an additional 626,414 shares during the last quarter. Jane Street Group LLC increased its holdings in Hafnia by 241.6% in the first quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock valued at $3,392,000 after buying an additional 576,629 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Hafnia by 17.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,870,521 shares of the company’s stock valued at $20,630,000 after buying an additional 571,909 shares during the last quarter. Finally, Cercano Management LLC bought a new stake in Hafnia in the fourth quarter valued at about $1,426,000.

Insider Activity at Hafnia

In other news, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $8.22, for a total transaction of $739,800.00. Following the completion of the transaction, the chief financial officer directly owned 91,994 shares of the company’s stock, valued at approximately $756,190.68. This represents a 49.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mikael Opstun Skov sold 500,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 1,130,978 shares of the company’s stock, valued at $9,172,231.58. This trade represents a 30.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,090,000 shares of company stock valued at $8,854,800 over the last ninety days.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Pareto Securities lowered Hafnia to a “hold” rating in a report on Wednesday, May 27th. Wall Street Zen raised Hafnia from a “buy” rating to a “strong-buy” rating in a report on Saturday. Dnb Carnegie lowered Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hafnia in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Hafnia Stock Down 0.2%

NYSE:HAFN opened at $7.49 on Monday. The firm has a market capitalization of $3.84 billion, a PE ratio of 8.23 and a beta of 0.64. The stock has a 50 day moving average of $8.27 and a 200-day moving average of $7.01. Hafnia Limited has a 52 week low of $4.90 and a 52 week high of $9.53. The company has a current ratio of 1.60, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31.

Hafnia (NYSE:HAFN) last posted its earnings results on Friday, May 15th. The company reported $0.36 EPS for the quarter. The company had revenue of $688.87 million during the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.

Hafnia Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 16th. Stockholders of record on Thursday, June 4th will be issued a dividend of $0.2877 per share. This represents a $1.15 annualized dividend and a dividend yield of 15.4%. This is a boost from Hafnia’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, June 4th. Hafnia’s dividend payout ratio is currently 126.37%.

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.