Hafnia Limited (NYSE:HAFN - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $4.28, but opened at $4.38. Hafnia shares last traded at $4.40, with a volume of 629,178 shares traded.
Analysts Set New Price Targets
Separately, Jefferies Financial Group lowered their price target on Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a report on Tuesday, December 17th.
Check Out Our Latest Stock Analysis on HAFN
Hafnia Price Performance
The company has a market capitalization of $2.22 billion and a PE ratio of 2.58. 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's 50 day moving average price is $5.21 and its 200-day moving average price is $6.00.
Hafnia Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th will be given a dividend of $0.0294 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend is Friday, March 7th. Hafnia's dividend payout ratio (DPR) is presently 7.28%.
Hedge Funds Weigh In On Hafnia
A number of large investors have recently modified their holdings of the company. WealthCollab LLC acquired a new stake in Hafnia during the 4th quarter worth approximately $28,000. Bernard Wealth Management Corp. acquired a new stake in shares of Hafnia in the fourth quarter worth $58,000. Vise Technologies Inc. purchased a new position in shares of Hafnia in the 4th quarter valued at $71,000. SJS Investment Consulting Inc. acquired a new position in shares of Hafnia during the 4th quarter valued at $89,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in Hafnia during the 4th quarter worth $92,000.
Hafnia Company Profile
(
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.
Recommended Stories
Before you consider Hafnia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hafnia wasn't on the list.
While Hafnia currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
