Hafnia Limited (NYSE:HAFN - Get Free Report)'s share price gapped up prior to trading 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 traded.
Analyst Upgrades and Downgrades
Separately, Fearnley Fonds raised shares of Hafnia to a "strong-buy" rating in a report on Tuesday, May 6th.
Check Out Our Latest Stock Report on HAFN
Hafnia Price Performance
The company has a market capitalization of $2.75 billion, a P/E ratio of 3.19 and a beta of 0.95. The company has a fifty day moving average price of $4.83 and a 200 day moving average price of $4.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52.
Hafnia (NYSE:HAFN - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Hafnia had a net margin of 53.44% and a return on equity of 36.90%. The company had revenue of $340.34 million during the quarter, compared to the consensus estimate of $250.80 million.
Hafnia Announces Dividend
The company also recently announced a dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 26th were given a $0.1015 dividend. This represents a yield of 7.59%. The ex-dividend date was Friday, May 23rd. Hafnia's dividend payout ratio (DPR) is 33.06%.
Institutional Investors Weigh In On Hafnia
Several large investors have recently made changes to their positions in HAFN. Arrowstreet Capital Limited Partnership grew its holdings in Hafnia by 125.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 11,754,312 shares of the company's stock worth $64,223,000 after buying an additional 6,530,482 shares in the last quarter. Marshall Wace LLP boosted its position in Hafnia by 1,775.4% during the 4th quarter. Marshall Wace LLP now owns 2,124,012 shares of the company's stock worth $11,831,000 after acquiring an additional 2,010,753 shares during the period. Barclays PLC grew its stake in shares of Hafnia by 60.7% in the fourth quarter. Barclays PLC now owns 4,395,133 shares of the company's stock worth $24,481,000 after purchasing an additional 1,660,627 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Hafnia in the fourth quarter worth $4,376,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Hafnia by 62.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,130,888 shares of the company's stock valued at $8,738,000 after purchasing an additional 817,737 shares during the period.
About Hafnia
(
Get Free Report)
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.
Further Reading
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