Hafnia Limited (NYSE:HAFN - Get Free Report)'s stock price hit a new 52-week low on Friday . The company traded as low as $3.61 and last traded at $3.66, with a volume of 2606285 shares. The stock had previously closed at $4.03.
Analysts Set New Price Targets
Separately, Jefferies Financial Group lowered their price objective on Hafnia from $8.00 to $6.50 and set a "buy" rating on the stock in a report on Tuesday, December 17th.
Get Our Latest Research Report on Hafnia
Hafnia Stock Up 8.8 %
The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.52 and a current ratio of 1.70. The firm has a market capitalization of $2.10 billion and a price-to-earnings ratio of 2.44. The business's 50 day moving average is $4.61 and its 200-day moving average is $5.46.
Hafnia Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were issued a dividend of $0.0294 per share. The ex-dividend date was Friday, March 7th. This represents a $0.12 annualized dividend and a dividend yield of 2.84%. Hafnia's payout ratio is 7.28%.
Institutional Investors Weigh In On Hafnia
A number of institutional investors have recently bought and sold shares of HAFN. The Manufacturers Life Insurance Company raised its stake in shares of Hafnia by 11.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 33,126 shares of the company's stock valued at $178,000 after acquiring an additional 3,387 shares during the last quarter. Swiss National Bank raised its position in shares of Hafnia by 0.6% in the 4th quarter. Swiss National Bank now owns 555,852 shares of the company's stock valued at $2,975,000 after acquiring an additional 3,578 shares during the period. WealthCollab LLC bought a new stake in shares of Hafnia in the 4th quarter valued at $28,000. Sigma Planning Corp increased its holdings in shares of Hafnia by 30.8% in the fourth quarter. Sigma Planning Corp now owns 36,950 shares of the company's stock worth $206,000 after acquiring an additional 8,700 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Hafnia by 53.6% during the 4th quarter. Quantinno Capital Management LP now owns 27,565 shares of the company's stock worth $154,000 after buying an additional 9,615 shares during the period.
About Hafnia
(
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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.
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