High Liner Foods (HLF) Shares Down 4.8%
High Liner Foods Incorporated (TSE:HLF)’s share price was down 4.8% on Wednesday . The stock traded as low as C$14.98 and last traded at C$15.66. Approximately 174,375 shares traded hands during trading, an increase of 288% from the average daily volume of 44,918 shares. The stock had previously closed at C$14.94.
Several equities analysts have recently weighed in on HLF shares. Royal Bank of Canada cut their price objective on High Liner Foods from C$17.00 to C$16.00 and set a “sector perform” rating on the stock in a report on Friday, November 10th. Scotiabank cut their price objective on 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. Finally, BMO Capital Markets reiterated a “market perform” rating and set a C$14.00 price objective on shares of High Liner Foods in a report on Tuesday, November 14th.
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 dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Thursday, November 30th. This is a boost from High Liner Foods’s previous quarterly dividend of $0.14. High Liner Foods’s payout ratio is 42.52%.
In other news, Director Robert Pace sold 6,674 shares of High Liner Foods stock in a transaction dated Friday, December 15th. The stock was sold at an average price of C$14.11, for a total transaction of C$94,170.14.
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About High Liner Foods
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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