Hafnia Limited (NYSE:HAFN - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $5.03, but opened at $5.15. Hafnia shares last traded at $5.24, with a volume of 2,747,650 shares trading hands.
Analyst Ratings Changes
Separately, Jefferies Financial Group decreased their target price on shares of Hafnia from $8.00 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, December 17th.
Check Out Our Latest Stock Report on Hafnia
Hafnia Stock Down 3.1 %
The company has a market cap of $2.59 billion and a price-to-earnings ratio of 3.01. The business has a 50-day simple moving average of $5.50 and a two-hundred day simple moving average of $6.59. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.
Hafnia (NYSE:HAFN - Get Free Report) last issued its quarterly earnings data on Wednesday, November 27th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.09. Hafnia had a return on equity of 36.90% and a net margin of 53.44%.
Hafnia Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 6th were issued a dividend of $0.379 per share. This represents a $1.52 annualized dividend and a dividend yield of 29.64%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia's dividend payout ratio is currently 89.41%.
Institutional Investors Weigh In On Hafnia
Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of Hafnia in the second quarter valued at approximately $183,000. Canada Pension Plan Investment Board acquired a new position in Hafnia during the 2nd quarter valued at $860,000. Marshall Wace LLP bought a new stake in Hafnia in the 2nd quarter valued at $1,025,000. The Manufacturers Life Insurance Company bought a new stake in Hafnia in the 2nd quarter valued at $246,000. Finally, Mackenzie Financial Corp acquired a new stake in Hafnia in the 2nd quarter worth $1,784,000.
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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