Hafnia (NYSE:HAFN) CFO Echtelt Petrus Wouter Van Sells 90,000 Shares

Key Points

• CFO Echtelt Petrus Wouter Van sold 90,000 shares on April 7 at an average price of $8.22 for total proceeds of $739,800, reducing his holding by 49.45% to 91,994 shares.
• Hafnia raised its quarterly dividend to $0.1762 (annualized $0.70), yielding about 8.5%, though the dividend payout ratio is high at approximately 102.9%.
• The company reported Q earnings of $0.22 EPS (in line with estimates) and revenue of $599.88 million, well above the $285.64 million consensus, with a net margin around 35.5%.

Hafnia Limited (NYSE:HAFN - Get Free Report) CFO Echtelt Petrus Wouter Van sold 90,000 shares of the company's stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of $8.22, for a total value of $739,800.00. Following the sale, the chief financial officer owned 91,994 shares in the company, valued at approximately $756,190.68. This trade represents a 49.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hafnia Trading Up 0.8%

HAFN stock traded up $0.07 during midday trading on Thursday, reaching $8.29. 2,139,589 shares of the company traded hands, compared to its average volume of 1,741,983. Hafnia Limited has a 52-week low of $3.91 and a 52-week high of $8.52. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 1.53. The business has a 50 day moving average of $7.13 and a 200-day moving average of $6.34. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 12.18 and a beta of 0.54.

Hafnia (NYSE:HAFN - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.The business had revenue of $599.88 million for the quarter, compared to the consensus estimate of $285.64 million.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were given a dividend of $0.1762 per share. This represents a $0.70 dividend on an annualized basis and a yield of 8.5%. This is a boost from Hafnia's previous quarterly dividend of $0.15. The ex-dividend date was Friday, March 6th. Hafnia's dividend payout ratio (DPR) is currently 102.94%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded Hafnia from a "buy" rating to a "hold" rating in a research report on Sunday, March 22nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Hafnia in a research note on Wednesday, December 24th. Finally, Dnb Carnegie cut Hafnia from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Hafnia has an average rating of "Moderate Buy".

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HAFN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Hafnia by 82.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 431,462 shares of the company's stock valued at $1,795,000 after buying an additional 194,751 shares during the last quarter. Jane Street Group LLC grew its stake 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 valued at $3,392,000 after buying an additional 576,629 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Hafnia by 26.8% during the second quarter. JPMorgan Chase & Co. now owns 233,532 shares of the company's stock valued at $1,165,000 after buying an additional 49,409 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Hafnia by 138.5% during the second quarter. First Trust Advisors LP now owns 144,871 shares of the company's stock valued at $725,000 after buying an additional 84,140 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of Hafnia during the second quarter valued at approximately $131,000.

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.

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