Stock Analysis

Independent Chairman Robert Pace Just Bought 7.1% More Shares In High Liner Foods Incorporated (TSE:HLF)

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Whilst it may not be a huge deal, we thought it was good to see that the High Liner Foods Incorporated (TSE:HLF) Independent Chairman, Robert Pace, recently bought CA$64k worth of stock, for CA$12.80 per share. However, it only increased their shares held by 7.1%, and it wasn't a huge purchase by absolute value, either.

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The Last 12 Months Of Insider Transactions At High Liner Foods

In fact, the recent purchase by Independent Chairman Robert Pace was not their only acquisition of High Liner Foods shares this year. Earlier in the year, they paid CA$7.20 per share in a CA$130k purchase. Even though the purchase was made at a significantly lower price than the recent price (CA$13.43), we still think insider buying is a positive. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

Over the last year, we can see that insiders have bought 54.18k shares worth CA$419k. But they sold 4.13k shares for CA$45k. In total, High Liner Foods insiders bought more than they sold over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

TSX:HLF Insider Trading Volume March 4th 2021

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.

Insider Ownership of High Liner Foods

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 2.8% of High Liner Foods shares, worth about CA$12m, according to our data. We do note, however, it is possible insiders have an indirect interest through a private company or other corporate structure. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At High Liner Foods Tell Us?

The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. Insiders likely see value in High Liner Foods shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing High Liner Foods. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of High Liner Foods.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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