Hafnia (NYSE:HAFN) Sets New 12-Month Low – Here’s What Happened

Hafnia Limited (NYSE:HAFN) shares reached a new 52-week low on Friday . The company traded as low as $3.61 and last traded at $3.66, with a volume of 2606285 shares. The stock had previously closed at $4.03.

Wall Street Analyst Weigh In

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

Hafnia Stock Down 9.6 %

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 business’s fifty day moving average price is $4.69 and its two-hundred day moving average price is $5.54. The firm has a market cap of $1.85 billion and a P/E ratio of 2.14.

Hafnia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were paid a dividend of $0.0294 per share. The ex-dividend date was Friday, March 7th. This represents a $0.12 annualized dividend and a dividend yield of 3.23%. Hafnia’s dividend payout ratio (DPR) is presently 7.28%.

Institutional Investors Weigh In On Hafnia

A number of large investors have recently added to or reduced their stakes in HAFN. Centiva Capital LP bought a new stake in Hafnia during the third quarter valued at about $222,000. Quantinno Capital Management LP bought a new stake in Hafnia during the 3rd quarter valued at approximately $128,000. Quadrature Capital Ltd bought a new stake in Hafnia during the 3rd quarter valued at approximately $262,000. Jane Street Group LLC grew its holdings in Hafnia by 671.7% in the 3rd quarter. Jane Street Group LLC now owns 257,427 shares of the company’s stock valued at $1,833,000 after buying an additional 224,070 shares during the last quarter. Finally, XTX Topco Ltd increased its position in Hafnia by 625.6% in the 3rd quarter. XTX Topco Ltd now owns 158,583 shares of the company’s stock worth $1,135,000 after buying 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.