Hafnia (NYSE:HAFN) Trading Down 2.4% – Time to Sell?

Hafnia Limited (NYSE:HAFN)’s stock price traded down 2.4% during trading on Tuesday . The stock traded as low as $3.88 and last traded at $3.86. 210,030 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 1,666,090 shares. The stock had previously closed at $3.95.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group decreased their target price on Hafnia from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, December 17th.

Hafnia Trading Down 2.4 %

The stock has a 50 day moving average of $4.66 and a 200-day moving average of $5.50. The company has a market capitalization of $1.95 billion and a P/E ratio of 2.27. The company has a current ratio of 1.70, a quick ratio of 1.52 and a debt-to-equity ratio of 0.34.

Hafnia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Friday, March 7th were paid a $0.0294 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 3.05%. Hafnia’s dividend payout ratio (DPR) is presently 7.28%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. WealthCollab LLC bought a new stake in Hafnia during the fourth quarter valued at about $28,000. Bernard Wealth Management Corp. purchased a new position in Hafnia in the 4th quarter worth approximately $58,000. Vise Technologies Inc. bought a new position in Hafnia in the 4th quarter worth approximately $71,000. SJS Investment Consulting Inc. purchased a new stake in Hafnia during the 4th quarter valued at approximately $89,000. Finally, Clear Harbor Asset Management LLC bought a new stake in shares of Hafnia during the fourth quarter valued at approximately $92,000.

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.