Hafnia Limited (NYSE:HAFN – Get Free Report) saw an uptick in trading volume on Wednesday . 564,469 shares traded hands during mid-day trading, a decline of 33% from the previous session’s volume of 836,787 shares.The stock last traded at $5.22 and had previously closed at $5.22.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group dropped their target price on shares of Hafnia from $8.00 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday.
Check Out Our Latest Stock Analysis on Hafnia
Hafnia Trading Down 1.0 %
Hafnia Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Investors 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 dividend on an annualized basis and a yield of 29.73%. Hafnia’s dividend payout ratio (DPR) is 88.82%.
Institutional Investors Weigh In On Hafnia
A number of large investors have recently added to or reduced their stakes in HAFN. Bank of New York Mellon Corp bought a new position in shares of Hafnia in the 2nd quarter worth approximately $2,421,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Hafnia in the 2nd quarter worth $60,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Hafnia during the second quarter valued at $528,000. TD Asset Management Inc bought a new stake in Hafnia during the second quarter valued at about $148,000. Finally, Acadian Asset Management LLC bought a new stake in Hafnia during the second quarter valued at about $107,651,000.
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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