Insider Buying: High Liner Foods (TSE:HLF) Director Acquires 10,000 Shares of Stock

High Liner Foods Inc (TSE:HLF) Director Andrew Hennigar purchased 10,000 shares of High Liner Foods stock in a transaction dated Tuesday, December 23rd. The stock was bought at an average price of C$14.25 per share, for a total transaction of C$142,500.00. Following the completion of the purchase, the director owned 17,950 shares in the company, valued at C$255,787.50. This represents a 125.79% increase in their position.

High Liner Foods Trading Up 0.3%

TSE HLF traded up C$0.04 on Friday, hitting C$15.44. The company’s stock had a trading volume of 30,499 shares, compared to its average volume of 29,433. High Liner Foods Inc has a 1-year low of C$13.13 and a 1-year high of C$19.07. The company has a quick ratio of 0.38, a current ratio of 2.66 and a debt-to-equity ratio of 55.83. The firm has a market cap of C$444.90 million, a PE ratio of 13.43 and a beta of 0.53. The company’s 50-day moving average is C$14.25 and its 200 day moving average is C$15.75.

High Liner Foods (TSE:HLF) last issued its earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share (EPS) for the quarter. High Liner Foods had a net margin of 6.31% and a return on equity of 15.27%. The business had revenue of C$346.63 million for the quarter. As a group, analysts predict that High Liner Foods Inc will post 1.9858934 earnings per share for the current fiscal year.

High Liner Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.70 dividend on an annualized basis and a yield of 4.5%. High Liner Foods’s payout ratio is presently 42.28%.

Wall Street Analysts Forecast Growth

HLF has been the topic of several analyst reports. Raymond James Financial downgraded shares of High Liner Foods from a “moderate buy” rating to a “hold” rating and decreased their target price for the stock from C$22.00 to C$16.00 in a research note on Friday, November 7th. BMO Capital Markets dropped their target price on shares of High Liner Foods from C$20.50 to C$17.50 in a report on Monday, November 10th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, High Liner Foods currently has a consensus rating of “Moderate Buy” and an average price target of C$18.63.

High Liner Foods Company Profile

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. They also sell branded products under the High Liner, Icelandic Seafood, and FPI labels to restaurants and institutions, and are a major supplier of private-label, value-added frozen seafood products to North American food retailers and foodservice distributors.