Goldman Sachs Group Inc. Lowers Holdings in Hafnia Limited $HAFN

Goldman Sachs Group Inc. decreased its stake in Hafnia Limited (NYSE:HAFN) by 52.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,249,177 shares of the company’s stock after selling 1,362,746 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.25% of Hafnia worth $5,197,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of HAFN. Naviter Wealth LLC purchased a new stake in shares of Hafnia in the first quarter worth about $42,000. Avantax Advisory Services Inc. purchased a new stake in shares of Hafnia in the first quarter worth about $47,000. Smith Anglin Financial LLC purchased a new stake in shares of Hafnia in the first quarter worth about $52,000. Bernard Wealth Management Corp. purchased a new stake in shares of Hafnia in the fourth quarter worth about $58,000. Finally, Vise Technologies Inc. purchased a new position in Hafnia during the fourth quarter worth approximately $71,000.

Wall Street Analyst Weigh In

Separately, Fearnley Fonds downgraded Hafnia from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Hafnia presently has an average rating of “Moderate Buy” and a consensus target price of $6.50.

Hafnia Stock Performance

Shares of HAFN stock opened at $6.33 on Wednesday. The company has a market capitalization of $3.21 billion, a P/E ratio of 7.45 and a beta of 0.93. The business’s 50 day moving average is $5.70 and its two-hundred day moving average is $5.08. The company has a current ratio of 1.21, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27. Hafnia Limited has a 12-month low of $3.61 and a 12-month high of $7.84.

Hafnia (NYSE:HAFN) last released its earnings results on Wednesday, August 27th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.01. The business had revenue of $346.56 million for the quarter, compared to the consensus estimate of $249.42 million. Hafnia had a return on equity of 18.74% and a net margin of 37.26%.

Hafnia Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Thursday, September 4th were given a $0.121 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.6%. The ex-dividend date was Thursday, September 4th. Hafnia’s dividend payout ratio (DPR) is 56.47%.

Hafnia Company Profile

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels.