Hafnia (NYSE:HAFN) Shares Gap Up - Here's What Happened

Hafnia Limited (NYSE:HAFN - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $5.35, but opened at $5.57. Hafnia shares last traded at $5.48, with a volume of 607,184 shares.

Analyst Ratings Changes

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

Hafnia Stock Up 3.5%

The firm's 50 day moving average is $4.79 and its two-hundred day moving average is $4.97. The firm has a market cap of $2.81 billion, a P/E ratio of 3.26 and a beta of 0.95. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34.

Hafnia (NYSE:HAFN - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $340.34 million for the quarter, compared to the consensus estimate of $250.80 million. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.

Hafnia Dividend Announcement

The business also recently announced 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. The ex-dividend date was Friday, May 23rd. This represents a yield of 7.59%. Hafnia's dividend payout ratio (DPR) is currently 33.06%.

Institutional Trading of Hafnia

Several hedge funds have recently bought and sold shares of HAFN. WealthCollab LLC acquired a new stake in Hafnia during the 4th quarter worth approximately $28,000. Naviter Wealth LLC acquired a new stake in Hafnia during the 1st quarter worth approximately $42,000. Avantax Advisory Services Inc. acquired a new stake in Hafnia during the 1st quarter worth approximately $47,000. Smith Anglin Financial LLC acquired a new stake in Hafnia during the 1st quarter worth approximately $52,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Hafnia in the fourth quarter valued at approximately $58,000.

About Hafnia

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.