Wall Street Zen Upgrades Hafnia (NYSE:HAFN) to Strong-Buy

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

A number of other analysts have also recently issued reports on the stock. Pareto Securities cut shares of Hafnia to a “hold” rating in a research note on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Hafnia currently has an average rating of “Moderate Buy”.

Hafnia Trading Up 0.1%

NYSE HAFN opened at $7.25 on Monday. The stock has a 50-day simple moving average of $7.66 and a 200 day simple moving average of $7.28. The company has a market capitalization of $3.72 billion, a PE ratio of 7.97 and a beta of 0.72. 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 has a 12 month low of $5.17 and a 12 month high of $9.53.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HAFN. Assenagon Asset Management S.A. acquired a new position in shares of Hafnia during the first quarter valued at about $32,205,000. MHR Fund Management LLC raised its holdings in Hafnia by 7.6% during the fourth quarter. MHR Fund Management LLC now owns 18,496,652 shares of the company’s stock worth $98,587,000 after buying an additional 1,309,938 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Hafnia by 5,973.8% during 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. Fearnley Asset Management AS bought a new position in Hafnia in the 4th quarter valued at about $3,185,000. Finally, Jane Street Group LLC raised its stake in shares of Hafnia by 241.6% in 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 during the last quarter.

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.