Insider Buying: High Liner Foods Inc (TSE:HLF) Insider Acquires 4,300 Shares of Stock

High Liner Foods Inc (TSE:HLF – Get Rating) insider High Liner Foods Incorporated acquired 4,300 shares of the company’s stock in a transaction dated Friday, June 17th. The shares were purchased 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 directly owns 4,300 shares in the company, 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 acquired 2,398 shares of High Liner Foods stock. The shares were purchased 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 cost of C$12.62 per share, for a total transaction of C$88,318.96.
• On Monday, June 13th, High Liner Foods Incorporated purchased 1,200 shares of High Liner Foods stock. The stock was bought at an average cost of C$12.18 per share, for a total transaction of C$14,616.00.
• On Thursday, June 9th, High Liner Foods Incorporated purchased 6,998 shares of High Liner Foods stock. The stock was bought at an average cost of C$12.42 per share, for a total transaction of C$86,891.37.

Shares of HLF stock opened at C$11.90 on Thursday. The stock’s fifty day moving average is C$12.13 and its two-hundred day moving average is C$13.24. The company has a debt-to-equity ratio of 84.25, a quick ratio of 0.66 and a current ratio of 2.22. The firm has a market capitalization of C$396.42 million and a P/E ratio of 8.39. High Liner Foods Inc has a fifty-two week low of C$11.06 and a fifty-two week high of C$15.45.

High Liner Foods (TSE:HLF – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported C$0.54 earnings per share for the quarter. The firm had revenue of C$373.35 million during the quarter, compared to analysts’ expectations of C$355.85 million. On average, equities analysts forecast that High Liner Foods Inc will post 1.42 earnings per share for the current year.

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

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

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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