Hafnia (NYSE:HAFN) Shares Gap Down - What's Next?

Hafnia Limited (NYSE:HAFN - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $5.45, but opened at $5.20. Hafnia shares last traded at $5.25, with a volume of 424,961 shares trading hands.

Analyst Ratings Changes

Separately, Fearnley Fonds upgraded shares of Hafnia to a "strong-buy" rating in a report on Tuesday, May 6th.

Hafnia Price Performance

The stock has a fifty day simple moving average of $5.01 and a 200-day simple moving average of $4.96. The company has a market capitalization of $2.66 billion, a PE ratio of 4.33 and a beta of 0.95. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.30.

Hafnia (NYSE:HAFN - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $340.34 million during the quarter, compared to analysts' expectations of $250.80 million. Hafnia had a return on equity of 26.29% and a net margin of 45.74%.

Hafnia Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th were issued a dividend of $0.1015 per share. This represents a dividend yield of 7.59%. The ex-dividend date was Friday, May 23rd. Hafnia's payout ratio is 33.88%.

Institutional Trading of Hafnia

Institutional investors and hedge funds have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ boosted its stake in Hafnia by 8.5% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 33,249 shares of the company's stock worth $138,000 after purchasing an additional 2,591 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Hafnia by 11.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 33,126 shares of the company's stock valued at $178,000 after buying an additional 3,387 shares during the last quarter. Swiss National Bank boosted its stake in shares of Hafnia by 0.6% during the fourth quarter. Swiss National Bank now owns 555,852 shares of the company's stock worth $2,975,000 after buying an additional 3,578 shares during the period. WealthCollab LLC purchased a new position in shares of Hafnia during the fourth quarter worth about $28,000. Finally, Callan Capital LLC grew its holdings in shares of Hafnia by 27.5% during the first quarter. Callan Capital LLC now owns 25,622 shares of the company's stock worth $107,000 after buying an additional 5,530 shares during the last quarter.

Hafnia Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.