Hafnia Limited (NYSE:HAFN - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $5.50, but opened at $5.39. Hafnia shares last traded at $5.41, with a volume of 484,988 shares traded.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group cut their price objective on Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, December 17th.
Get Our Latest Analysis on HAFN
Hafnia Stock Performance
The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. The company has a market cap of $2.76 billion and a PE ratio of 3.21. The business's 50 day moving average is $5.58 and its two-hundred day moving average is $6.93.
Hafnia Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were paid a $0.379 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 annualized dividend and a yield of 27.82%. Hafnia's payout ratio is 88.82%.
Hedge Funds Weigh In On Hafnia
Several institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale increased its stake in Hafnia by 10.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company's stock worth $21,350,000 after acquiring an additional 290,000 shares during the last quarter. Mirabella Financial Services LLP purchased a new position in shares of Hafnia in the third quarter valued at $3,175,000. Marshall Wace LLP bought a new stake in Hafnia in the second quarter worth $1,025,000. Bank of Montreal Can purchased a new stake in Hafnia during the third quarter valued at $3,774,000. Finally, Glenorchy Capital Ltd bought a new position in Hafnia during the third quarter valued at $726,000.
Hafnia Company Profile
(
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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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