Vanguard Group Inc. Boosts Stake in Hafnia Limited $HAFN

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. lifted its position in Hafnia Limited (NYSE:HAFN - Free Report) by 1.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,267,262 shares of the company's stock after acquiring an additional 153,284 shares during the period. Vanguard Group Inc. owned 2.22% of Hafnia worth $46,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. WealthCollab LLC acquired a new stake in shares of Hafnia in the fourth quarter worth approximately $28,000. Naviter Wealth LLC acquired a new stake in shares of Hafnia in the first quarter worth approximately $42,000. Bernard Wealth Management Corp. acquired a new stake in shares of Hafnia in the fourth quarter worth approximately $58,000. Avantax Advisory Services Inc. acquired a new stake in shares of Hafnia in the first quarter worth approximately $47,000. Finally, Smith Anglin Financial LLC acquired a new stake in shares of Hafnia in the first quarter worth approximately $52,000.

Hafnia Trading Down 0.1%

NYSE HAFN traded down $0.01 on Friday, reaching $6.14. 1,323,128 shares of the company were exchanged, compared to its average volume of 2,057,617. The business's fifty day moving average price is $5.45 and its 200 day moving average price is $4.97. The stock has a market capitalization of $3.11 billion, a P/E ratio of 7.22 and a beta of 0.91. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.30. Hafnia Limited has a fifty-two week low of $3.61 and a fifty-two week high of $8.20.

Hafnia (NYSE:HAFN - Get Free Report) last released 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 18.69% and a net margin of 37.26%.The company had revenue of $346.56 million for the quarter, compared to analyst estimates of $249.42 million.

Hafnia Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Thursday, September 4th will be given a $0.121 dividend. The ex-dividend date is Thursday, September 4th. This represents a $0.48 dividend on an annualized basis and a yield of 7.9%. Hafnia's payout ratio is currently 56.47%.

Wall Street Analysts Forecast Growth

Separately, Fearnley Fonds raised 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 assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and a consensus price target of $6.50.

Hafnia 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.