Hafnia (NYSE:HAFN) Shares Gap Down to $7.34

Hafnia Limited (NYSE:HAFN)’s share price gapped down prior to trading on Friday . The stock had previously closed at $7.34, but opened at $7.16. Hafnia shares last traded at $7.21, with a volume of 517,328 shares trading hands.

Hafnia Price Performance

The stock has a market capitalization of $3.65 billion and a PE ratio of 4.69. The company has a current ratio of 1.49, a quick ratio of 1.33 and a debt-to-equity ratio of 0.33. The business has a fifty day moving average of $7.61.

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

Hafnia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were paid a $0.4049 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.62 annualized dividend and a dividend yield of 22.49%. This is a boost from Hafnia’s previous quarterly dividend of $0.34.

Institutional Trading of Hafnia

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

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.