Fearnley Asset Management AS Takes $3.19 Million Position in Hafnia Limited $HAFN

Fearnley Asset Management AS acquired a new stake in Hafnia Limited (NYSE:HAFN) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 590,368 shares of the company’s stock, valued at approximately $3,185,000. Hafnia accounts for about 1.5% of Fearnley Asset Management AS’s portfolio, making the stock its 19th largest holding.

Other institutional investors also recently modified their holdings of the company. MHR Fund Management LLC increased its stake in shares of Hafnia by 24.0% in the 3rd quarter. MHR Fund Management LLC now owns 17,186,714 shares of the company’s stock valued at $102,948,000 after acquiring an additional 3,321,182 shares during the last quarter. Millennium Management LLC raised 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 worth $3,815,000 after purchasing an additional 626,414 shares during the period. Jane Street Group LLC boosted its position in shares of Hafnia by 241.6% during the first quarter. Jane Street Group LLC now owns 815,341 shares of the company’s stock worth $3,392,000 after purchasing an additional 576,629 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Hafnia by 17.3% in the 4th 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 period. Finally, Marnell Management LLC acquired a new position in shares of Hafnia in the 4th quarter valued at $2,155,000.

Analyst Upgrades and Downgrades

HAFN has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a research note on Wednesday, May 6th. Dnb Carnegie downgraded shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 12th. Wall Street Zen upgraded shares of Hafnia from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. Finally, Pareto Securities cut Hafnia to a “hold” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Insider Activity at Hafnia

In other Hafnia news, CFO Echtelt Petrus Wouter Van sold 90,000 shares of Hafnia stock in a transaction on Tuesday, April 7th. The shares were 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 $756,190.68. The trade was a 49.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 transaction of $4,055,000.00. Following the completion of the transaction, the chief executive officer owned 1,130,978 shares in the company, valued at approximately $9,172,231.58. This represents a 30.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,090,000 shares of company stock valued at $8,854,800 over the last quarter.

Hafnia Stock Down 0.1%

NYSE:HAFN opened at $7.22 on Friday. Hafnia Limited has a twelve month low of $4.90 and a twelve month high of $9.53. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of 7.94 and a beta of 0.64. The company has a quick ratio of 1.48, a current ratio of 1.60 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average price is $8.19 and its two-hundred day moving average price is $7.05.

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

Hafnia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Thursday, June 4th were given a $0.2877 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This is a positive change from Hafnia’s previous quarterly dividend of $0.18. This represents a $1.15 dividend on an annualized basis and a dividend yield of 15.9%. Hafnia’s payout ratio is 126.37%.

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.