Y Intercept Hong Kong Ltd Sells 107,037 Shares of Hafnia Limited $HAFN

Y Intercept Hong Kong Ltd trimmed its position in shares of Hafnia Limited (NYSE:HAFN) by 58.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 75,181 shares of the company’s stock after selling 107,037 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Hafnia were worth $571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Hafnia by 3.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 44,390 shares of the company’s stock worth $240,000 after buying an additional 1,509 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Hafnia by 1.8% during the first quarter. Pictet Asset Management Holding SA now owns 91,384 shares of the company’s stock valued at $700,000 after acquiring an additional 1,650 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Hafnia by 16.4% during the third quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock valued at $98,000 after acquiring an additional 2,305 shares in the last quarter. TD Asset Management Inc raised its holdings in Hafnia by 7.1% in the 4th quarter. TD Asset Management Inc now owns 37,039 shares of the company’s stock worth $200,000 after acquiring an additional 2,453 shares during the last quarter. Finally, Glenorchy Capital Ltd raised its holdings in Hafnia by 3.6% in the 4th quarter. Glenorchy Capital Ltd now owns 98,964 shares of the company’s stock worth $527,000 after acquiring an additional 3,442 shares during the last quarter.

Wall Street Analyst Weigh In

HAFN has been the topic of several recent analyst reports. Pareto Securities downgraded Hafnia to a “hold” rating in a research note on Wednesday, May 27th. Wall Street Zen downgraded Hafnia from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hafnia in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Hafnia Trading Up 0.7%

NYSE:HAFN opened at $7.32 on Tuesday. The company has a market cap of $3.75 billion, a PE ratio of 8.05 and a beta of 0.72. The company has a current ratio of 1.60, a quick ratio of 1.48 and a debt-to-equity ratio of 0.31. The company has a 50 day simple moving average of $7.78 and a two-hundred day simple moving average of $7.23. Hafnia Limited has a 12 month low of $5.12 and a 12 month high of $9.53.

Hafnia (NYSE:HAFN) last released its quarterly earnings results on Friday, May 15th. The company reported $0.36 earnings per share for the quarter. The firm had revenue of $688.87 million for the quarter. Hafnia had a return on equity of 19.20% and a net margin of 44.74%.

Hafnia Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Thursday, June 4th were issued a $0.2877 dividend. This is a positive change from Hafnia’s previous quarterly dividend of $0.18. This represents a $1.15 dividend on an annualized basis and a yield of 15.7%. The ex-dividend date of this dividend was Thursday, June 4th. Hafnia’s dividend payout ratio is currently 126.37%.

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.