Hafnia Limited $HAFN Shares Acquired by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Hafnia Limited by 1.4%, acquiring an additional 153,284 shares, totaling 11,267,262 shares, valued at approximately $46.5 million.
• Hafnia Limited's stock has a market cap of $3.00 billion, with a current price of $5.92 and a P/E ratio of 4.89.
• Analysts have given Hafnia a consensus rating of "Strong Buy" with a target price of $6.50 following recent upgrades from Fearnley Fonds.

Vanguard Group Inc. increased its position in shares of Hafnia Limited (NYSE:HAFN - Free Report) by 1.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,267,262 shares of the company's stock after buying an additional 153,284 shares during the quarter. Vanguard Group Inc. owned about 2.22% of Hafnia worth $46,466,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. WealthCollab LLC purchased a new position in Hafnia during the 4th quarter worth approximately $28,000. Naviter Wealth LLC purchased a new position in Hafnia during the 1st quarter worth approximately $42,000. Bernard Wealth Management Corp. purchased a new position in Hafnia during the 4th quarter worth approximately $58,000. Avantax Advisory Services Inc. purchased a new position in Hafnia during the 1st quarter worth approximately $47,000. Finally, Smith Anglin Financial LLC purchased a new position in Hafnia during the 1st quarter worth approximately $52,000.

Hafnia Stock Performance

Hafnia stock traded down $0.01 during mid-day trading on Friday, reaching $6.14. 1,323,146 shares of the company were exchanged, compared to its average volume of 1,363,176. Hafnia Limited has a twelve month low of $3.61 and a twelve month high of $8.20. The firm's 50-day simple moving average is $5.47 and its two-hundred day simple moving average is $4.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.09 and a current ratio of 1.21. The firm has a market cap of $3.11 billion, a PE ratio of 7.22 and a beta of 0.92.

Hafnia (NYSE:HAFN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.01. Hafnia had a return on equity of 18.74% and a net margin of 37.26%.The company had revenue of $346.56 million during the quarter, compared to analysts' expectations of $249.42 million.

Hafnia Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, September 4th will be given a dividend of $0.121 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Thursday, September 4th. Hafnia's dividend payout ratio (DPR) is presently 48.24%.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds upgraded Hafnia to a "strong-buy" rating in a research note on Tuesday, May 6th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Strong Buy" and a consensus target price of $6.50.

Hafnia Company Profile

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.