High Liner Foods (HLF) has notable insider buying

High Liner Foods (T:HLF)

High Liner Foods Incorporated (HLF) has a high amount of executive buying compared to its mid-cap peers over the past three months. Derek Hedley Longworth Buntain, a Director, acquired 26,750 Common Shares on a direct ownership basis at prices ranging from $8.250 and $9.390 through an exercise of options on May 12th, 2017. This represents a $238,642 investment into the company's shares and an account share holdings change of greater than 100%.

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. The Company operates through Canadian Operations and U.S. operations. The Company offers its products under Foodservice and Retail brand. The retail channel includes grocery and club stores and its products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and C. Wirthy & Co. labels. The foodservice channel includes sales of seafood that are sold through distributors to restaurants and institutions under the High Liner, Icelandic Seafood1, Mirabel and FPI labels. It owns and operates three food-processing plants located in Nova Scotia, New Hampshire and Virginia.