Hafnia (NYSE:HAFN) Sees Unusually-High Trading Volume – Should You Buy?

by · The Markets Daily

Shares of Hafnia Limited (NYSE:HAFN – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,850,982 shares were traded during trading, a decline of 30% from the previous session’s volume of 2,659,699 shares.The stock last traded at $5.11 and had previously closed at $5.43.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lowered their price objective on Hafnia from $8.00 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, December 17th.

Get Our Latest Analysis on HAFN

Hafnia Price Performance

The company has a market capitalization of $2.60 billion and a price-to-earnings ratio of 3.01. The business has a fifty day moving average price of $5.52 and a 200 day moving average price of $6.65. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.52.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were issued a $0.379 dividend. This represents a $1.52 annualized dividend and a dividend yield of 29.58%. The ex-dividend date of this dividend was Friday, December 6th. Hafnia’s dividend payout ratio (DPR) is presently 89.41%.

Hedge Funds Weigh In On Hafnia

Several large investors have recently made changes to their positions in HAFN. SJS Investment Consulting Inc. purchased a new stake in Hafnia during the fourth quarter valued at about $89,000. Clear Harbor Asset Management LLC purchased a new position in Hafnia during the 4th quarter worth approximately $92,000. Infrastructure Capital Advisors LLC acquired a new stake in Hafnia during the 3rd quarter valued at $119,000. DGS Capital Management LLC acquired a new stake in shares of Hafnia in the third quarter worth $121,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Hafnia during the third quarter valued at $128,000.

Hafnia Company Profile

(Get Free Report)

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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