Hafnia (NYSE:HAFN) Shares Gap Down – What’s Next?

Hafnia Limited (NYSE:HAFN)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $4.93, but opened at $4.35. Hafnia shares last traded at $4.37, with a volume of 3,028,330 shares traded.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut their price objective on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, December 17th.

Hafnia Stock Performance

The business’s 50-day moving average price is $5.34 and its 200-day moving average price is $6.14. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34. The stock has a market cap of $2.06 billion and a PE ratio of 2.39.

Hafnia (NYSE:HAFN) last issued its quarterly earnings data on Wednesday, November 27th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Hafnia had a net margin of 53.44% and a return on equity of 36.90%.

Hafnia Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Friday, March 7th will be given a dividend of $0.0294 per share. This represents a $0.12 annualized dividend and a yield of 2.89%. The ex-dividend date of this dividend is Friday, March 7th. Hafnia’s dividend payout ratio is presently 7.28%.

Institutional Trading of Hafnia

Large investors have recently bought and sold shares of the stock. WealthCollab LLC purchased a new stake in Hafnia during the 4th quarter worth approximately $28,000. Bernard Wealth Management Corp. purchased a new stake in Hafnia during the 4th quarter worth approximately $58,000. Vise Technologies Inc. purchased a new stake in Hafnia during the 4th quarter worth approximately $71,000. SJS Investment Consulting Inc. purchased a new stake in Hafnia during the 4th quarter worth approximately $89,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in Hafnia during the 4th quarter worth approximately $92,000.

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.