Insider High Liner Foods Inc (TSE:HLF – Get Rating) High Liner Foods Incorporated purchased 6,998 shares of the company in a trade dated Thursday, June 9. The shares were acquired at an average cost of CA$12.42 per share, for a total transaction of CA$86,891.37. As a result of the transaction, the insider now directly owns 6,998 shares of the company, valued at approximately C$86,891.37.
Shares of TSE:HLF traded at C$0.12 during Friday’s session, hitting C$12.52. The company had a trading volume of 11,096 shares, compared to an average volume of 32,251. The company has a market capitalization of C$417.08 million and a price-earnings ratio of 8.94. The company has a debt ratio of 84.25, a current ratio of 2.22 and a quick ratio of 0.66. The stock’s 50-day moving average price is C$12.24 and its 200-day moving average price is C$13.35. High Liner Foods Inc has a fifty-two week minimum of C$11.06 and a fifty-two week maximum of C$15.45.
High Liner Foods (TSE:HLF – Get Rating) last reported results on Wednesday, May 11. The company reported earnings per share (EPS) of C$0.54 for the quarter. The company posted revenue of C$373.35 million in the quarter, compared to analyst estimates of C$355.85 million. On average, stock analysts expect High Liner Foods Inc to post EPS of 1.7899999 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 15. Shareholders of record on Wednesday, June 1 will receive a dividend of $0.10. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Tuesday, May 31. High Liner Foods’ payout ratio is currently 19.49%.
Several research analysts have commented on the company. Clarus Securities reaffirmed a “buy” rating and set a price target of C$26.50 on shares of High Liner Foods in a Wednesday, May 25 research report. Scotiabank reduced its price target on High Liner Foods from C$15.50 to C$14.00 in a Thursday, February 24 research report. BMO Capital Markets downgraded High Liner Foods from an “outperforming” rating to a “market performing” rating and lowered its price target for the stock from CA$16.00 to CA$13.00 in a research report of Thursday, May 5. Finally, Royal Bank of Canada cut its price target on High Liner Foods from C$15.00 to C$13.00 and set an “sector performance” rating on the stock in a research report from the Thursday May 12.
High Liner Foods Company Profile (Get an assessment)
High Liner Foods is North America’s leading processor and marketer of value-added frozen seafood. Their branded retail products are sold in the United States, Canada and Mexico under the High Liner, Fisher Boy, Sea Cuisine and C. Wirthy & Co labels, and are available at most grocery stores and clubs.
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