Hafnia Limited $HAFN Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Hafnia Limited (NYSE:HAFN) by 92.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 448,644 shares of the company’s stock after purchasing an additional 215,112 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.09% of Hafnia worth $2,687,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of HAFN. Earned Wealth Advisors LLC grew its stake in Hafnia by 15.6% in the third quarter. Earned Wealth Advisors LLC now owns 16,917 shares of the company’s stock worth $101,000 after purchasing an additional 2,286 shares in the last quarter. Vise Technologies Inc. lifted its holdings in Hafnia by 16.4% during the 3rd quarter. Vise Technologies Inc. now owns 16,326 shares of the company’s stock worth $98,000 after buying an additional 2,305 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Hafnia by 2.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 128,851 shares of the company’s stock worth $772,000 after buying an additional 3,402 shares during the last quarter. TD Asset Management Inc grew its position in shares of Hafnia by 12.6% in the 3rd 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 in the last quarter. Finally, Merit Financial Group LLC increased its holdings in shares of Hafnia by 42.6% in the 3rd quarter. Merit Financial Group LLC now owns 15,555 shares of the company’s stock valued at $93,000 after acquiring an additional 4,644 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HAFN shares. Wall Street Zen lowered Hafnia from a “buy” rating to a “hold” rating in a research report on Sunday, March 22nd. Dnb Carnegie downgraded shares of Hafnia from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Hafnia in a report on Wednesday, December 24th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Hafnia Stock Up 0.2%

NYSE:HAFN opened at $7.92 on Monday. The firm has a market capitalization of $4.06 billion, a PE ratio of 11.65 and a beta of 0.54. The stock has a 50 day moving average of $6.99 and a 200-day moving average of $6.30. Hafnia Limited has a 52 week low of $3.61 and a 52 week high of $7.98. The company has a current ratio of 1.53, a quick ratio of 1.40 and a debt-to-equity ratio of 0.40.

Hafnia (NYSE:HAFN) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Hafnia had a return on equity of 14.71% and a net margin of 35.54%.The business had revenue of $599.88 million for the quarter, compared to the consensus estimate of $285.64 million.

Hafnia Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, March 6th were paid a $0.1762 dividend. The ex-dividend date was Friday, March 6th. This is a positive change from Hafnia’s previous quarterly dividend of $0.15. This represents a $0.70 dividend on an annualized basis and a yield of 8.9%. Hafnia’s dividend payout ratio (DPR) is 102.94%.

Hafnia 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.