Hafnia (NYSE:HAFN) Stock Price Up 3.8% – What’s Next?

Hafnia Limited (NYSE:HAFN)’s share price was up 3.8% on Monday . The company traded as high as $3.79 and last traded at $3.79. Approximately 575,480 shares were traded during trading, a decline of 65% from the average daily volume of 1,663,152 shares. The stock had previously closed at $3.65.

Analyst Upgrades and Downgrades

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

Hafnia Trading Up 8.1 %

The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average is $4.69 and its two-hundred day moving average is $5.53. The firm has a market cap of $2.00 billion and a P/E ratio of 2.32.

Hafnia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Friday, March 7th were paid a $0.0294 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Friday, March 7th. Hafnia’s payout ratio is currently 7.28%.

Institutional Trading of Hafnia

Several large investors have recently bought and sold shares of the company. Centiva Capital LP bought a new stake in shares of Hafnia during the third quarter valued at approximately $222,000. Quantinno Capital Management LP bought a new stake in shares of Hafnia during the 3rd quarter valued at $128,000. Quadrature Capital Ltd purchased a new stake in shares of Hafnia in the 3rd quarter worth about $262,000. Jane Street Group LLC increased its stake in shares of Hafnia by 671.7% in the 3rd quarter. Jane Street Group LLC now owns 257,427 shares of the company’s stock worth $1,833,000 after acquiring an additional 224,070 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in Hafnia by 625.6% during the 3rd quarter. XTX Topco Ltd now owns 158,583 shares of the company’s stock valued at $1,135,000 after acquiring an additional 136,727 shares during the period.

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.