Hafnia Limited (NYSE:HAFN – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $6.20, but opened at $5.98. Hafnia shares last traded at $6.04, with a volume of 730,759 shares.
Hafnia Trading Down 2.8 %
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 company’s fifty day moving average is $7.28 and its two-hundred day moving average is $7.72. The company has a market cap of $2.99 billion and a price-to-earnings ratio of 3.75.
Hafnia (NYSE:HAFN – Get Free Report) last announced its earnings results on Friday, August 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. The company had revenue of $417.36 million for the quarter, compared to analysts’ expectations of $387.14 million. On average, research analysts anticipate that Hafnia Limited will post 1.6 EPS for the current year.
Hafnia Increases Dividend
Institutional Inflows and Outflows
Several hedge funds and other 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 2nd quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Hafnia during the 2nd quarter worth approximately $60,000. Prudential PLC purchased a new stake in Hafnia in the 2nd quarter valued at approximately $100,000. TD Asset Management Inc acquired a new stake in Hafnia during the 2nd quarter valued at $148,000. Finally, XTX Topco Ltd purchased a new position in Hafnia during the second quarter worth $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.
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