High Liner Foods Inc (TSE:HLF) Insider High Liner Foods Incorporated Acquires 6,998 Shares of Stock

High Liner Foods Inc (TSE:HLFGet Rating) insider High Liner Foods Incorporated bought 6,998 shares of the stock in a transaction that occurred on Wednesday, June 22nd. The shares were purchased at an average price of C$12.42 per share, for a total transaction of C$86,896.97. Following the completion of the acquisition, the insider now owns 6,998 shares of the company’s stock, valued at approximately C$86,896.97.

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

  • On Monday, June 20th, High Liner Foods Incorporated acquired 2,398 shares of High Liner Foods stock. The shares were bought at an average cost of C$12.45 per share, with a total value of C$29,857.98.
  • On Friday, June 17th, High Liner Foods Incorporated acquired 4,300 shares of High Liner Foods stock. The shares were bought at an average cost of C$12.34 per share, with a total value of C$53,049.10.
  • On Wednesday, June 15th, High Liner Foods Incorporated acquired 6,998 shares of High Liner Foods stock. The shares were bought at an average cost of C$12.62 per share, with a total value of C$88,318.96.
  • On Monday, June 13th, High Liner Foods Incorporated bought 1,200 shares of High Liner Foods stock. The shares were purchased at an average cost of C$12.18 per share, with a total value of C$14,616.00.
  • On Thursday, June 9th, High Liner Foods Incorporated bought 6,998 shares of High Liner Foods stock. The shares were purchased at an average cost of C$12.42 per share, with a total value of C$86,891.37.

HLF stock traded up C$0.38 during midday trading on Thursday, reaching C$12.28. The company had a trading volume of 1,862 shares, compared to its average volume of 30,373. The company has a market capitalization of C$409.08 million and a price-to-earnings ratio of 8.39. The stock has a 50 day moving average price of C$12.13 and a 200-day moving average price of C$13.24. 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-to-equity ratio of 84.25, a current ratio of 2.22 and a quick ratio of 0.66.

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 analyst estimates of C$355.85 million. As a group, research analysts anticipate that High Liner Foods Inc will post 1.42 earnings per share for the current year.

The business also recently declared 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 3.26%. The ex-dividend date was Tuesday, May 31st. High Liner Foods’s dividend payout ratio (DPR) is presently 19.06%.

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

About High Liner Foods (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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