Hafnia (NYSE:HAFN) Trading 5.8% Higher - Still a Buy?

Hafnia Limited (NYSE:HAFN - Get Free Report)'s share price shot up 5.8% on Tuesday . The company traded as high as $5.73 and last traded at $5.74. 257,006 shares traded hands during trading, a decline of 87% from the average session volume of 1,905,254 shares. The stock had previously closed at $5.42.

Analyst Upgrades and Downgrades

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

Hafnia Stock Performance

The firm's fifty day moving average price is $4.96 and its 200-day moving average price is $4.97. The company has a current ratio of 1.24, a quick ratio of 1.12 and a debt-to-equity ratio of 0.30. The company has a market cap of $2.80 billion, a P/E ratio of 4.56 and a beta of 0.95.

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

Hafnia Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. WealthCollab LLC bought a new position in shares of Hafnia during the 4th quarter worth about $28,000. Naviter Wealth LLC bought a new stake in Hafnia in the first quarter valued at about $42,000. Bernard Wealth Management Corp. bought a new stake in Hafnia in the fourth quarter valued at about $58,000. Avantax Advisory Services Inc. bought a new stake in Hafnia in the first quarter valued at about $47,000. Finally, Smith Anglin Financial LLC bought a new stake in Hafnia in the first quarter valued at about $52,000.

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.