Key Points
- Director Andrew Hennigar bought 10,000 shares on December 23 at C$14.25 for C$142,500, raising his holdings to 17,950 shares (a 125.79% increase).
- High Liner pays a quarterly dividend of $0.175 per share (annualized $0.70) yielding about 4.5% with a payout ratio of 42.28%.
- The stock trades near C$15.44 with a P/E of 13.43 and market cap of C$444.9M, and analysts are mixed (two Buys, two Holds) with an average target of C$18.63 amid recent downward price-target revisions.
High Liner Foods Inc (TSE:HLF - Get Free Report) Director Andrew Hennigar bought 10,000 shares of the business's stock in a transaction that occurred on Tuesday, December 23rd. The stock was acquired at an average cost of C$14.25 per share, for a total transaction of C$142,500.00. Following the completion of the purchase, the director directly owned 17,950 shares of the company's stock, valued at C$255,787.50. The trade was a 125.79% increase in their ownership of the stock.
High Liner Foods Trading Up 0.3%
HLF opened at C$15.44 on Friday. High Liner Foods Inc has a one year low of C$13.13 and a one year high of C$19.07. 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 business has a 50 day simple moving average of C$14.25 and a two-hundred day simple moving average of C$15.73. The firm has a market capitalization of C$444.90 million, a price-to-earnings ratio of 13.43 and a beta of 0.53.
High Liner Foods (TSE:HLF - Get Free Report) last posted its earnings results on Wednesday, November 5th. The company reported C$0.14 earnings per share (EPS) for the quarter. The firm 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 EPS for the current year.
High Liner Foods Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 15th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, December 1st. High Liner Foods's payout ratio is presently 42.28%.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on HLF. BMO Capital Markets cut their target price on shares of High Liner Foods from C$20.50 to C$17.50 in a research note on Monday, November 10th. Raymond James Financial cut High Liner Foods from a "moderate buy" rating to a "hold" rating and cut their price objective for the company from C$22.00 to C$16.00 in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$18.63.
Get Our Latest Stock Report on HLF
About High Liner Foods
(
Get Free Report)
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.
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