Insider Buying: High Liner Foods Incorporated (HLF) Director Acquires 850 Shares of Stock

High Liner Foods Incorporated (TSE:HLF) Director Laurie Dean Hennigar purchased 850 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was acquired at an average price of C$13.39 per share, for a total transaction of C$11,381.50.

Shares of High Liner Foods Incorporated (TSE:HLF) opened at C$14.09 on Monday. High Liner Foods Incorporated has a 52 week low of C$12.80 and a 52 week high of C$21.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from High Liner Foods’s previous quarterly dividend of $0.14. High Liner Foods’s payout ratio is presently 42.52%.

Several equities analysts have weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of High Liner Foods from C$20.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 16th. BMO Capital Markets lowered their price objective on shares of High Liner Foods from C$19.00 to C$15.00 in a research report on Wednesday, August 16th. Finally, Scotiabank lowered their price objective on shares of High Liner Foods from C$19.00 to C$16.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 16th.

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High Liner Foods Company Profile

High Liner Foods Incorporated processes and markets frozen seafood products in Canada and the United States. The company provides a range of frozen seafood products, such as raw fillets and shellfish; cooked shellfish; and value-added products consisting of sauced, glazed, breaded, and battered seafood, as well as seafood entrées.

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