Hafnia Limited (NYSE:HAFN - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.66 and last traded at $5.70, with a volume of 183385 shares changing hands. The stock had previously closed at $5.78.
Hafnia Stock Performance
The stock's 50-day moving average price is $7.13 and its 200-day moving average price is $7.68. The company has a market capitalization of $2.88 billion and a price-to-earnings ratio of 3.68. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49.
Hafnia (NYSE:HAFN - Get Free Report) last released its quarterly earnings results on Friday, August 23rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. The business had revenue of $417.36 million for the quarter, compared to analyst estimates of $387.14 million. As a group, equities research analysts expect that Hafnia Limited will post 1.59 earnings per share for the current year.
Hafnia Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.4049 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 28.46%. This is an increase from Hafnia's previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Tuesday, September 3rd. Hafnia's dividend payout ratio is presently 103.19%.
Hedge Funds Weigh In On Hafnia
Several hedge funds and other institutional investors have recently modified their holdings of HAFN. Mondrian Investment Partners LTD acquired a new position in Hafnia during the second quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC acquired a new stake in Hafnia in the 2nd quarter valued at $60,000. Prudential PLC purchased a new position in Hafnia in the second quarter valued at about $100,000. TD Asset Management Inc acquired a new position in shares of Hafnia during the second quarter worth about $148,000. Finally, XTX Topco Ltd purchased a new stake in shares of Hafnia in the second quarter worth about $183,000.
About Hafnia
(
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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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