Hafnia (NYSE:HAFN) Price Target Cut to $6.50 by Analysts at Jefferies Financial Group

Hafnia (NYSE:HAFN) had its target price cut by Jefferies Financial Group from $8.00 to $6.50 in a research note published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

Hafnia Price Performance

Shares of HAFN opened at $5.22 on Tuesday. The company has a 50 day moving average of $5.85 and a two-hundred day moving average of $7.08. The company has a quick ratio of 1.52, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Hafnia has a twelve month low of $5.07 and a twelve month high of $8.99. The company has a market cap of $2.64 billion and a price-to-earnings ratio of 3.07.

Hafnia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 17th. Stockholders of record on Friday, December 6th were issued a dividend of $0.379 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $1.52 annualized dividend and a dividend yield of 29.07%. Hafnia’s dividend payout ratio (DPR) is currently 88.82%.

Institutional Trading of Hafnia

A number of institutional investors have recently bought and sold shares of the stock. Mondrian Investment Partners LTD acquired a new position in Hafnia during the 2nd quarter valued at approximately $43,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Hafnia in the 2nd quarter valued at $60,000. Prudential PLC acquired a new position in shares of Hafnia in the 2nd quarter valued at $100,000. Infrastructure Capital Advisors LLC purchased a new position in Hafnia in the 3rd quarter worth $119,000. Finally, DGS Capital Management LLC acquired a new stake in Hafnia during the 3rd quarter worth about $121,000.

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.