Hafnia (NYSE:HAFN) CEO Sells $4,055,000.00 in Stock

Hafnia Limited (NYSE:HAFN) CEO Mikael Opstun Skov sold 500,000 shares of Hafnia stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,130,978 shares of the company’s stock, valued at approximately $9,172,231.58. This trade represents a 30.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Mikael Opstun Skov also recently made the following trade(s):

• On Friday, April 10th, Mikael Opstun Skov sold 500,000 shares of Hafnia stock. The shares were sold at an average price of $8.12, for a total transaction of $4,060,000.00.

Hafnia Trading Down 1.0%

Shares of NYSE HAFN opened at $8.12 on Friday. Hafnia Limited has a 1 year low of $4.16 and a 1 year high of $8.52. The stock has a market cap of $4.16 billion, a P/E ratio of 11.93 and a beta of 0.54. The firm has a 50-day moving average of $7.37 and a 200 day moving average of $6.42. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.53 and a quick ratio of 1.40.

Hafnia (NYSE:HAFN) last issued its quarterly earnings results 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 net margin of 35.54% and a return on equity of 14.71%. The company had revenue of $599.88 million during the quarter, compared to analysts’ expectations of $285.64 million.

Hafnia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were paid a dividend of $0.1762 per share. The ex-dividend date was Friday, March 6th. This represents a $0.70 dividend on an annualized basis and a yield of 8.7%. This is an increase from Hafnia’s previous quarterly dividend of $0.15. Hafnia’s dividend payout ratio (DPR) is 102.94%.

Institutional Trading of Hafnia

Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of Hafnia by 92.1% in the third quarter. JPMorgan Chase & Co. now owns 448,644 shares of the company’s stock worth $2,687,000 after acquiring an additional 215,112 shares during the period. Vanguard Group Inc. grew its stake in shares of Hafnia by 2.1% in the third quarter. Vanguard Group Inc. now owns 10,858,241 shares of the company’s stock worth $65,529,000 after acquiring an additional 218,341 shares during the period. Tweedy Browne Co LLC grew its stake in shares of Hafnia by 110.9% in the third quarter. Tweedy Browne Co LLC now owns 161,597 shares of the company’s stock worth $968,000 after acquiring an additional 84,980 shares during the period. MHR Fund Management LLC grew its stake in shares of Hafnia by 24.0% in the third quarter. MHR Fund Management LLC now owns 17,186,714 shares of the company’s stock worth $102,948,000 after acquiring an additional 3,321,182 shares during the period. Finally, TD Asset Management Inc grew its stake in shares of Hafnia by 12.6% in the third quarter. TD Asset Management Inc now owns 34,586 shares of the company’s stock worth $208,000 after acquiring an additional 3,859 shares during the period.

Analyst Ratings Changes

HAFN has been the subject of a number of analyst reports. Dnb Carnegie lowered shares of Hafnia from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 12th. Wall Street Zen lowered shares of Hafnia from a “buy” rating to a “hold” rating in a research note on Sunday, March 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Hafnia in a research note on Wednesday, December 24th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Hafnia Company Profile

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.