Insider Buying: High Liner Foods Inc (TSE:HLF) Insider Buys 4,300 Shares

Insider High Liner Foods Inc (TSE:HLF – Get Rating) High Liner Foods Incorporated bought 4,300 shares in a trade dated Friday, June 17. The shares were acquired at an average price of CA$12.34 per share, for a total transaction of CA$53,049.10. Following the acquisition, the insider now directly owns 4,300 shares of the company, valued at approximately C$53,049.10.

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

  • On Wednesday, June 15, High Liner Foods Incorporated acquired 6,998 shares of High Liner Foods. The shares were purchased at an average cost of C$12.62 per share, for a total value of C$88,318.96.
  • On Monday, June 13, High Liner Foods Incorporated purchased 1,200 shares of High Liner Foods. The stock was purchased at an average cost of CA$12.18 per share, with a total value of CA$14,616.00.
  • On Thursday, June 9, High Liner Foods Incorporated purchased 6,998 shares of High Liner Foods. The stock was purchased at an average cost of CA$12.42 per share, with a total value of CA$86,891.37.

Shares of TSE HLF were down C$0.09 during Monday trading hours, hitting C$12.40. 1,005 shares of the company were traded, against an average volume of 30,940. High Liner Foods Inc has a 1-year low of C$11.06 and a 1-year high of C$15.45. The company has a debt ratio of 84.25, a current ratio of 2.22 and a quick ratio of 0.66. The stock has a market cap of C$413.08 million and a price-to-earnings ratio of 8.81. The company’s 50-day moving average price is CA$12.14 and its 200-day moving average price is CA$13.26.

High Liner Foods (TSE:HLF – Get Rating) last released quarterly earnings data on Wednesday, May 11. The company reported earnings per share of CA$0.54 for the quarter. The company reported revenue of C$373.35 million for the quarter, compared to analyst estimates of C$355.85 million. On average, research analysts expect High Liner Foods Inc to post earnings per share of 1.42 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Wednesday, June 1 received a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 31. This represents an annualized dividend of $0.40 and a dividend yield of 3.23%. High Liner Foods’ dividend payout ratio is currently 19.06%.

A number of analysts have weighed in on the company. Clarus Securities reaffirmed a “buy” rating and issued a C$26.50 price target on shares of High Liner Foods in a research report on Wednesday, May 25. BMO Capital Markets downgraded High Liner Foods from an “outperform” rating to a “market performance” rating and lowered its price target for the stock from C$16.00 to C$13.00 in a research report from Thursday, May 5. Royal Bank of Canada cut its price target on High Liner Foods from C$15.00 to C$13.00 and set an “industry performance” rating for the company in a Thursday 12 research report may. Finally, Scotiabank reduced its price target on High Liner foods from C$15.50 to C$14.00 in a Thursday, February 24 research report.

About High Liner Foods (Get an evaluation)

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.

Further reading

Insider buying and selling by quarter for High Liner Foods (TSE:HLF)

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