Hafnia (NYSE:HAFN) Sees Strong Trading Volume

Hafnia Limited (NYSE:HAFN) shares saw unusually-strong trading volume on Monday . Approximately 351,798 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 345,623 shares.The stock last traded at $7.37 and had previously closed at $7.38.

Hafnia Stock Up 2.2 %

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.33. The stock has a 50-day moving average price of $7.62. The firm has a market cap of $3.82 billion and a PE ratio of 4.69.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Friday, August 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The firm had revenue of $417.36 million for the quarter, compared to analyst estimates of $387.14 million. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. As a group, equities analysts anticipate that Hafnia Limited will post 1.6 EPS for the current fiscal year.

Hafnia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.4049 per share. This represents a $1.62 annualized dividend and a yield of 21.51%. The ex-dividend date of this dividend was Tuesday, September 3rd. This is an increase from Hafnia’s previous quarterly dividend of $0.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of Hafnia in the second quarter valued at $2,421,000. Allspring Global Investments Holdings LLC acquired a new position in Hafnia during the second quarter valued at $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Hafnia in the 2nd quarter worth about $528,000. TD Asset Management Inc purchased a new stake in Hafnia in the 2nd quarter worth about $148,000. Finally, Acadian Asset Management LLC acquired a new stake in Hafnia during the 2nd quarter worth about $107,651,000.

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.