Insider Buying: High Liner Foods Inc (TSE:HLF) Insider Acquires C$53,049.10 in Stock

High Liner Foods Inc (TSE:HLFGet Rating) insider High Liner Foods Incorporated purchased 4,300 shares of the firm’s stock in a transaction that occurred on Friday, June 17th. The shares were acquired at an average cost of C$12.34 per share, for a total transaction of C$53,049.10. Following the purchase, the insider now owns 4,300 shares of the company’s stock, valued at C$53,049.10.

High Liner Foods Incorporated also recently made the following trade(s):

  • On Monday, June 20th, High Liner Foods Incorporated purchased 2,398 shares of High Liner Foods stock. The shares were acquired at an average cost of C$12.45 per share, for a total transaction of C$29,857.98.
  • On Wednesday, June 15th, High Liner Foods Incorporated acquired 6,998 shares of High Liner Foods stock. The shares were purchased at an average price of C$12.62 per share, for a total transaction of C$88,318.96.
  • On Monday, June 13th, High Liner Foods Incorporated acquired 1,200 shares of High Liner Foods stock. The shares were purchased at an average price of C$12.18 per share, for a total transaction of C$14,616.00.
  • On Thursday, June 9th, High Liner Foods Incorporated acquired 6,998 shares of High Liner Foods stock. The shares were purchased at an average price of C$12.42 per share, for a total transaction of C$86,891.37.

TSE HLF opened at C$11.90 on Thursday. The company’s 50-day moving average price is C$12.13 and its 200-day moving average price is C$13.24. The company has a current ratio of 2.22, a quick ratio of 0.66 and a debt-to-equity ratio of 84.25. The stock has a market cap of C$396.42 million and a PE ratio of 8.39. High Liner Foods Inc has a 12 month low of C$11.06 and a 12 month high of C$15.45.

High Liner Foods (TSE:HLFGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported C$0.54 EPS for the quarter. The company had revenue of C$373.35 million during the quarter, compared to the consensus estimate of C$355.85 million. As a group, sell-side analysts forecast that High Liner Foods Inc will post 1.42 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 1st were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Tuesday, May 31st. High Liner Foods’s dividend payout ratio (DPR) is presently 19.06%.

A number of research firms have weighed in on HLF. Scotiabank cut their price objective on shares of High Liner Foods from C$15.50 to C$14.00 in a research report on Thursday, February 24th. Royal Bank of Canada cut their price objective on shares of High Liner Foods from C$15.00 to C$13.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 12th. Clarus Securities reiterated a “buy” rating and set a C$26.50 price objective on shares of High Liner Foods in a research report on Wednesday, May 25th. Finally, BMO Capital Markets cut shares of High Liner Foods from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$16.00 to C$13.00 in a report on Thursday, May 5th.

High Liner Foods Company Profile (Get Rating)

High Liner Foods is the leading North American processor and marketer of value-added frozen seafood. Their retail branded products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available in most grocery and club stores.

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Insider Buying and Selling by Quarter for High Liner Foods (TSE:HLF)

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