Hafnia Limited (NYSE:HAFN - Get Free Report) shares saw strong trading volume on Wednesday . 564,469 shares were traded during trading, a decline of 33% from the previous session's volume of 836,787 shares.The stock last traded at $5.22 and had previously closed at $5.22.
Separately, Jefferies Financial Group decreased their price objective on shares of Hafnia from $8.00 to $6.50 and set a "buy" rating on the stock in a report on Tuesday.
Check Out Our Latest Stock Analysis on HAFN
The firm has a market cap of $2.67 billion and a price-to-earnings ratio of 3.10. The business has a fifty day simple moving average of $5.85 and a 200 day simple moving average of $7.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors of record on Friday, December 6th were paid a $0.379 dividend. This represents a $1.52 annualized dividend and a yield of 28.77%. The ex-dividend date was Friday, December 6th. Hafnia's dividend payout ratio is currently 88.82%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new position in shares of Hafnia in the second quarter worth about $107,651,000. DekaBank Deutsche Girozentrale raised its holdings in Hafnia by 10.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,056,334 shares of the company's stock valued at $21,350,000 after acquiring an additional 290,000 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Hafnia in the 2nd quarter worth approximately $24,514,000. Barclays PLC boosted its holdings in shares of Hafnia by 72.7% during the 3rd quarter. Barclays PLC now owns 2,734,506 shares of the company's stock worth $19,580,000 after purchasing an additional 1,151,528 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Hafnia in the third quarter valued at approximately $3,774,000.
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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