High Liner Foods Inc (TSE:HLF) Director Robert Pace Sells 6,674 Shares

High Liner Foods Inc (TSE:HLF) Director Robert Pace sold 6,674 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of C$14.11, for a total transaction of C$94,170.14.

Shares of High Liner Foods Inc (HLF) traded down C$0.09 during mid-day trading on Thursday, reaching C$14.50. 59,854 shares of the company’s stock traded hands, compared to its average volume of 43,346. High Liner Foods Inc has a 52-week low of C$12.80 and a 52-week high of C$21.60. The firm has a market cap of $487.35, a P/E ratio of 14.95 and a beta of 0.71.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were issued a $0.145 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This is an increase from High Liner Foods’s previous quarterly dividend of $0.14. This represents a $0.58 dividend on an annualized basis and a dividend yield of 4.00%. High Liner Foods’s dividend payout ratio (DPR) is 43.83%.

HLF has been the subject of a number of recent research reports. BMO Capital Markets restated a “market perform” rating and issued a C$14.00 price objective on shares of High Liner Foods in a research note on Tuesday, November 14th. Royal Bank of Canada dropped their target price on shares of High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating for the company in a research report on Friday, November 10th. Finally, Scotiabank decreased their price objective on shares of High Liner Foods from C$15.50 to C$15.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th.

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High Liner Foods Company Profile

High Liner Foods Incorporated is a Canada-based company, which is engaged in the processing and marketing of frozen seafood products. The Company produces a range of products from breaded and battered items to seafood entrees, which are sold to North American food retailers and foodservice distributors.

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