Hafnia (NYSE:HAFN) Sees Large Volume Increase

Shares of Hafnia Limited (NYSE:HAFN) saw unusually-high trading volume on Tuesday . Approximately 386,448 shares were traded during trading, an increase of 2% from the previous session’s volume of 377,399 shares.The stock last traded at $7.20 and had previously closed at $7.16.

Hafnia Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.33 and a current ratio of 1.49. The firm has a market cap of $3.69 billion and a PE ratio of 4.79. The firm has a 50 day moving average of $7.58.

Hafnia (NYSE:HAFN) last released its earnings results 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 analysts’ expectations of $387.14 million. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. As a group, research analysts anticipate that Hafnia Limited will post 1.6 earnings per share for the current year.

Hafnia Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.4049 per share. This is an increase from Hafnia’s previous quarterly dividend of $0.34. This represents a $1.62 dividend on an annualized basis and a dividend yield of 22.22%. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On Hafnia

Several institutional investors have recently bought and sold shares of the company. Mondrian Investment Partners LTD purchased a new position in shares of Hafnia during the 2nd quarter valued at $43,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Hafnia in the second quarter valued at approximately $60,000. Prudential PLC bought a new position in Hafnia in the 2nd quarter worth approximately $100,000. TD Asset Management Inc bought a new position in Hafnia in the 2nd quarter worth approximately $148,000. Finally, XTX Topco Ltd purchased a new position in Hafnia in the 2nd quarter valued at approximately $183,000.

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.