Hafnia Limited (NYSE:HAFN – Get Free Report) saw strong trading volume on Tuesday . 1,219,103 shares changed hands during trading, an increase of 41% from the previous session’s volume of 863,324 shares.The stock last traded at $5.53 and had previously closed at $5.29.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group decreased their price objective on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, December 17th.
View Our Latest Research Report on HAFN
Hafnia Stock Performance
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 paid a $0.379 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 27.02%. Hafnia’s payout ratio is presently 88.82%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Mondrian Investment Partners LTD acquired a new position in shares of Hafnia in the 2nd quarter valued at $43,000. Allspring Global Investments Holdings LLC acquired a new position in Hafnia in the second quarter valued at $60,000. Prudential PLC purchased a new position in shares of Hafnia during the second quarter worth about $100,000. Infrastructure Capital Advisors LLC acquired a new stake in shares of Hafnia during the third quarter worth about $119,000. Finally, DGS Capital Management LLC purchased a new stake in shares of Hafnia in the 3rd quarter valued at about $121,000.
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.
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