Hafnia Limited (NYSE:HAFN - Get Free Report)'s stock price hit a new 52-week low on Tuesday after Jefferies Financial Group lowered their price target on the stock from $8.00 to $6.50. Jefferies Financial Group currently has a buy rating on the stock. Hafnia traded as low as $5.06 and last traded at $5.06, with a volume of 233568 shares trading hands. The stock had previously closed at $5.25.
Institutional Investors Weigh In On Hafnia
Several large investors have recently made changes to their positions in HAFN. Bank of New York Mellon Corp bought a new stake in Hafnia in the 2nd quarter valued at $2,421,000. Allspring Global Investments Holdings LLC acquired a new position in Hafnia in the 2nd quarter valued at about $60,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Hafnia in the 2nd quarter valued at about $528,000. TD Asset Management Inc acquired a new stake in Hafnia during the second quarter worth approximately $148,000. Finally, Acadian Asset Management LLC acquired a new stake in Hafnia during the 2nd quarter worth approximately $107,651,000.
Hafnia Stock Performance
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 company has a fifty day moving average of $5.89 and a two-hundred day moving average of $7.10. The firm has a market capitalization of $2.64 billion and a price-to-earnings ratio of 3.08.
Hafnia Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Friday, December 6th will be given a dividend of $0.379 per share. This represents a $1.52 dividend on an annualized basis and a yield of 29.07%. The ex-dividend date of this dividend is Friday, December 6th. Hafnia's dividend payout ratio is currently 88.82%.
About Hafnia
(
Get Free Report)
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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