Jefferies Financial Group Inc. Purchases New Stake in Hafnia Limited $HAFN

Jefferies Financial Group Inc. acquired a new stake in Hafnia Limited (NYSE:HAFN) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 796,019 shares of the company’s stock, valued at approximately $7,912,000. Jefferies Financial Group Inc. owned about 0.16% of Hafnia at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Parallel Advisors LLC lifted its position in shares of Hafnia by 118.4% during the 3rd quarter. Parallel Advisors LLC now owns 3,440 shares of the company’s stock worth $34,000 after purchasing an additional 1,865 shares during the last quarter. First Command Advisory Services Inc. acquired a new position in shares of Hafnia during the third quarter worth $116,000. Shariaportfolio Inc. acquired a new position in shares of Hafnia during the first quarter worth $273,000. Aristides Capital LLC increased its holdings in Hafnia by 12.9% in the first quarter. Aristides Capital LLC now owns 37,882 shares of the company’s stock valued at $288,000 after buying an additional 4,334 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Hafnia by 7.0% in the first quarter. Quantinno Capital Management LP now owns 55,859 shares of the company’s stock valued at $425,000 after buying an additional 3,639 shares during the last quarter.

Analysts Set New Price Targets

HAFN has been the subject of a number of recent analyst reports. Pareto Securities raised Hafnia from a “hold” rating to a “buy” rating in a report on Tuesday, September 29th. BTIG Research upped their price objective on Hafnia from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, September 18th. Weiss Ratings upgraded Hafnia from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, September 21st. Finally, Wall Street Zen raised Hafnia from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Hafnia presently has a consensus rating of “Buy” and an average price target of $12.00.

Hafnia Price Performance

Shares of HAFN opened at $9.39 on Thursday. Hafnia Limited has a 1-year low of $5.17 and a 1-year high of $11.11. The stock has a market cap of $4.82 billion, a PE ratio of 7.12 and a beta of 0.46. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.66 and a quick ratio of 1.49. The firm has a fifty day moving average price of $9.89 and a 200 day moving average price of $8.16.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Saturday, August 29th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. Hafnia had a net margin of 56.72% and a return on equity of 26.74%. The company had revenue of $834.53 million during the quarter, compared to the consensus estimate of $394.57 million.

Hafnia Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 8th were paid a dividend of $0.5003 per share. The ex-dividend date was Tuesday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 21.3%. This is a boost from Hafnia’s previous quarterly dividend of $0.2877. Hafnia’s dividend payout ratio (DPR) is 151.52%.

Hafnia Profile

Hafnia Ltd. is an international shipping company that owns and operates tankers carrying petroleum products and other liquid cargoes. Its fleet serves customers across the energy and commodities industries, including oil companies and trading firms. The company transports clean petroleum products, such as gasoline and diesel, as well as crude oil, chemicals and vegetable oils. Its vessels operate on routes around the world, connecting producers, refineries and end markets. Hafnia is headquartered in Singapore and is led by Chief Executive Officer Mikael Skov.