Hafnia Limited (NYSE:HAFN - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $5.55, but opened at $5.85. Hafnia shares last traded at $5.96, with a volume of 1,253,545 shares traded.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group reduced their target price on Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a report on Tuesday, December 17th.
View Our Latest Stock Analysis on HAFN
Hafnia Trading Up 7.0 %
The company's 50-day moving average is $5.48 and its 200 day moving average is $6.77. 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 firm has a market cap of $3.01 billion and a PE ratio of 3.49.
Hafnia Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were given a $0.379 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 25.52%. Hafnia's dividend payout ratio (DPR) is presently 88.82%.
Institutional Trading of Hafnia
Institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC purchased a new stake in Hafnia in the 2nd quarter worth approximately $24,514,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Hafnia during the second quarter worth $23,646,000. Barclays PLC boosted its position in Hafnia by 72.7% during the third quarter. Barclays PLC now owns 2,734,506 shares of the company's stock valued at $19,580,000 after purchasing an additional 1,151,528 shares during the last quarter. Bank of Montreal Can purchased a new position in Hafnia in the third quarter valued at about $3,774,000. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in Hafnia in the 2nd quarter worth about $4,327,000.
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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