Hafnia (NYSE:HAFN) Sees Strong Trading Volume

Hafnia Limited (NYSE:HAFN) saw an uptick in trading volume on Tuesday . 386,448 shares traded hands 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 Trading Up 3.2 %

The company has a quick ratio of 1.33, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $7.56. The firm has a market cap of $3.81 billion and a PE ratio of 4.68.

Hafnia (NYSE:HAFN) last issued its quarterly earnings results on Friday, August 23rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The company had revenue of $417.36 million during the quarter, compared to analyst estimates of $387.14 million. Hafnia had a net margin of 47.30% and a return on equity of 34.28%. Equities 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. Shareholders of record on Tuesday, September 3rd were paid 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%.

Hedge Funds Weigh In On Hafnia

Several institutional investors and hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC acquired a new position in Hafnia in the second quarter valued at approximately $107,651,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Hafnia during the 2nd quarter worth $4,327,000. Hsbc Holdings PLC acquired a new stake in shares of Hafnia during the 2nd quarter worth about $24,514,000. Bank of New York Mellon Corp purchased a new stake in Hafnia in the 2nd quarter valued at about $2,421,000. Finally, Canada Pension Plan Investment Board acquired a new position in Hafnia in the second quarter valued at about $860,000.

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.