High Liner Foods Inc (TSE:HLF) Director Robert P. Dexter purchased 10,000 shares of High Liner Foods stock in a transaction that occurred on Wednesday, March 7th. The shares were acquired at an average price of C$10.57 per share, for a total transaction of C$105,700.00.
High Liner Foods Inc (TSE HLF) traded up C$0.18 during trading on Friday, reaching C$11.09. The company’s stock had a trading volume of 39,827 shares, compared to its average volume of 98,866. The company has a market cap of $370.18, a PE ratio of 8.87 and a beta of 0.79. High Liner Foods Inc has a fifty-two week low of C$10.44 and a fifty-two week high of C$21.60.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.145 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.58 annualized dividend and a yield of 5.23%. High Liner Foods’s payout ratio is 34.69%.
A number of brokerages recently issued reports on HLF. BMO Capital Markets reduced their price target on High Liner Foods from C$14.00 to C$10.50 in a report on Friday, February 23rd. Scotiabank cut their price objective on High Liner Foods from C$15.00 to C$13.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 22nd. Finally, Royal Bank of Canada cut their price objective on High Liner Foods from C$16.00 to C$13.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 22nd.
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About High Liner Foods
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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