Hafnia (NYSE:HAFN) Sees Strong Trading Volume

Hafnia Limited (NYSE:HAFN) saw strong trading volume on Tuesday . 386,448 shares were traded during mid-day 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 Up 3.2 %

The company has a market capitalization of $3.81 billion and a price-to-earnings ratio of 4.68. 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 50-day simple moving average of $7.56.

Hafnia (NYSE:HAFN) last posted its quarterly earnings results on Friday, August 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. Hafnia had a return on equity of 34.28% and a net margin of 47.30%. The company had revenue of $417.36 million for the quarter, compared to analyst estimates of $387.14 million. On average, equities research analysts predict that Hafnia Limited will post 1.6 earnings per share for the current fiscal year.

Hafnia Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were given a $0.4049 dividend. The ex-dividend date was Tuesday, September 3rd. 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 21.57%.

Institutional Trading of Hafnia

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

About Hafnia

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.