High Liner Foods (TSE:HLF) Director Purchases C$142,500.00 in Stock

High Liner Foods Inc (TSE:HLF) Director Andrew Hennigar bought 10,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were purchased at an average cost of C$14.25 per share, for a total transaction of C$142,500.00. Following the completion of the acquisition, the director owned 17,950 shares of the company’s stock, valued at C$255,787.50. This trade represents a 125.79% increase in their ownership of the stock.

High Liner Foods Trading Up 0.3%

TSE HLF traded up C$0.04 on Friday, hitting C$15.44. 30,499 shares of the company were exchanged, compared to its average volume of 29,433. High Liner Foods Inc has a twelve month low of C$13.13 and a twelve month high of C$19.07. The company’s 50 day moving average price is C$14.25 and its 200-day moving average price is C$15.75. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38. The firm has a market capitalization of C$444.90 million, a P/E ratio of 13.43 and a beta of 0.53.

High Liner Foods (TSE:HLF) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share for the quarter. The business had revenue of C$346.63 million for the quarter. High Liner Foods had a return on equity of 15.27% and a net margin of 6.31%. 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 declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were paid a dividend of $0.175 per share. The ex-dividend date 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 currently 42.28%.

Analyst Upgrades and Downgrades

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

About High Liner Foods

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.