Hafnia (NYSE:HAFN) Trading 5.8% Higher – Should You Buy?

Hafnia Limited (NYSE:HAFN)’s share price shot up 5.8% during mid-day trading on Tuesday . The stock traded as high as $5.73 and last traded at $5.74. 257,006 shares traded hands during trading, a decline of 87% from the average session volume of 1,905,254 shares. The stock had previously closed at $5.42.

Analyst Ratings Changes

Separately, Fearnley Fonds upgraded shares of Hafnia to a “strong-buy” rating in a research report on Tuesday, May 6th.

Hafnia Price Performance

The business has a 50-day moving average of $4.86 and a two-hundred day moving average of $4.96. 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 firm has a market cap of $2.88 billion, a P/E ratio of 3.34 and a beta of 0.95.

Hafnia (NYSE:HAFN) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $340.34 million during the quarter, compared to the consensus estimate of $250.80 million. Hafnia had a return on equity of 36.90% and a net margin of 53.44%.

Hafnia Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, May 26th were paid a $0.1015 dividend. This represents a dividend yield of 7.59%. The ex-dividend date of this dividend was Friday, May 23rd. Hafnia’s dividend payout ratio is currently 33.06%.

Hedge Funds Weigh In On Hafnia

Institutional investors have recently made changes to their positions in the stock. WealthCollab LLC purchased a new stake in shares of Hafnia in the fourth quarter worth approximately $28,000. Naviter Wealth LLC purchased a new position in Hafnia in the first quarter worth $42,000. Avantax Advisory Services Inc. bought a new position in Hafnia in the 1st quarter valued at $47,000. Smith Anglin Financial LLC purchased a new stake in Hafnia during the first quarter worth about $52,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Hafnia in the 4th quarter worth approximately $58,000.

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.