Hafnia Limited (NYSE:HAFN) Announces Dividend Increase – $0.29 Per Share

Hafnia Limited (NYSE:HAFN) announced a quarterly dividend on Wednesday, May 27th. Investors of record on Thursday, June 4th will be paid a dividend of 0.2877 per share on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date of this dividend is Thursday, June 4th. This is a 63.3% increase from Hafnia’s previous quarterly dividend of $0.18.

Hafnia Stock Down 3.7%

Shares of NYSE HAFN opened at $8.04 on Thursday. The stock has a market cap of $4.12 billion, a PE ratio of 11.83 and a beta of 0.86. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.39. Hafnia has a 52-week low of $4.90 and a 52-week high of $9.53. The business has a 50-day moving average price of $8.22 and a 200 day moving average price of $6.92.

Hafnia (NYSE:HAFN) last announced its earnings results on Wednesday, May 27th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $688.87 million during the quarter, compared to analysts’ expectations of $298.65 million. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.

Insider Buying and Selling at Hafnia

In other news, CEO Mikael Opstun Skov sold 500,000 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $8.11, for a total value of $4,055,000.00. Following the completion of the sale, the chief executive officer owned 1,130,978 shares in the company, valued at approximately $9,172,231.58. This trade represents a 30.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Echtelt Petrus Wouter Van sold 90,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $8.22, for a total transaction of $739,800.00. Following the completion of the sale, the chief financial officer owned 91,994 shares of the company’s stock, valued at $756,190.68. This trade represents a 49.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,090,000 shares of company stock valued at $8,854,800 in the last 90 days.

Institutional Trading of Hafnia

Several hedge funds have recently modified their holdings of HAFN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Hafnia by 82.3% in the 1st 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 period. Jane Street Group LLC lifted its holdings in shares of Hafnia by 241.6% in the 1st 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 period. JPMorgan Chase & Co. lifted its holdings in shares of Hafnia by 26.8% in the 2nd 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 period. First Trust Advisors LP lifted its holdings in shares of Hafnia by 138.5% in the 2nd 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 period. Finally, Baird Financial Group Inc. acquired a new stake in shares of Hafnia in the 2nd 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.