High Liner Foods (TSE:HLF) Sets New 12-Month High – Here’s What Happened

High Liner Foods Inc (TSE:HLF) shares hit a new 52-week high on Tuesday . The company traded as high as C$18.01 and last traded at C$18.09, with a volume of 21524 shares trading hands. The stock had previously closed at C$18.00.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group set a C$21.00 target price on shares of High Liner Foods and gave the company a “buy” rating in a research note on Tuesday, May 13th.

High Liner Foods Price Performance

The stock has a market capitalization of C$377.26 million, a PE ratio of 6.39 and a beta of 0.89. The firm’s 50 day simple moving average is C$16.81 and its 200 day simple moving average is C$15.91. The company has a debt-to-equity ratio of 55.83, a current ratio of 2.66 and a quick ratio of 0.38.

High Liner Foods Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Saturday, March 15th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.78%. The ex-dividend date of this dividend was Wednesday, March 5th. High Liner Foods’s dividend payout ratio (DPR) is presently 21.30%.

Insider Transactions at High Liner Foods

In other news, insider High Liner Foods Incorporated sold 184,500 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of C$17.02, for a total transaction of C$3,140,190.00. Company insiders own 44.28% of the company’s stock.

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.