Hafnia Limited (NYSE:HAFN - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 818,711 shares traded hands during mid-day trading, an increase of 61% from the previous session's volume of 510,010 shares.The stock last traded at $5.95 and had previously closed at $6.06.
Hafnia Price Performance
The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49. The stock's 50-day moving average is $7.28 and its 200 day moving average is $7.72. The stock has a market capitalization of $2.99 billion and a PE ratio of 3.77.
Hafnia (NYSE:HAFN - Get Free Report) last posted its earnings results on Friday, August 23rd. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $417.36 million for the quarter, compared to the consensus estimate of $387.14 million. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. As a group, equities analysts expect that Hafnia Limited will post 1.6 earnings per share for the current year.
Hafnia Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, September 3rd were given a $0.4049 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 27.50%. This is an increase from Hafnia's previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, September 3rd. Hafnia's dividend payout ratio (DPR) is 103.18%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new stake in Hafnia during the 2nd quarter worth $107,651,000. DekaBank Deutsche Girozentrale boosted its stake in Hafnia by 10.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company's stock worth $21,350,000 after purchasing an additional 290,000 shares during the period. Hsbc Holdings PLC acquired a new stake in Hafnia during the 2nd quarter worth $24,514,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Hafnia during the 2nd quarter worth $4,327,000. Finally, Bank of New York Mellon Corp acquired a new stake in Hafnia during the 2nd quarter worth $2,421,000.
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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