Hafnia (NYSE:HAFN) Shares Down 3% – Should You Sell?

Posted by ABMN Staff on Jan 5th, 2025

Hafnia Limited (NYSE:HAFN – Get Free Report) traded down 3% on Friday . The stock traded as low as $5.55 and last traded at $5.55. 417,622 shares changed hands during trading, a decline of 64% from the average session volume of 1,172,566 shares. The stock had previously closed at $5.72.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group cut 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.

View Our Latest Report on Hafnia

Hafnia Stock Performance

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 company has a market cap of $2.81 billion and a P/E ratio of 3.26. The business’s 50 day simple moving average is $5.50 and its 200 day simple moving average is $6.85.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were given a dividend of $0.379 per share. The ex-dividend date was Friday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 27.32%. Hafnia’s payout ratio is 89.41%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Mondrian Investment Partners LTD purchased a new position in shares of Hafnia in the second quarter valued at about $43,000. Allspring Global Investments Holdings LLC bought a new position in Hafnia in the 2nd quarter worth approximately $60,000. Prudential PLC bought a new position in Hafnia in the 2nd quarter worth approximately $100,000. Infrastructure Capital Advisors LLC purchased a new stake in Hafnia during the 3rd quarter valued at approximately $119,000. Finally, DGS Capital Management LLC bought a new stake in shares of Hafnia during the third quarter valued at approximately $121,000.

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.