Although High Liner Foods Inc. has retreated from its 52-week high of $26.50 set in February, the stock has remained above its 200-day moving average. On May 12, Q1 results saw net income rise 5 per cent versus the same period in 2014. Following the news, insiders have been accumulating. While one officer sold 3,128 shares after exercising options, board chair Henry Demone exercised 80,451 options and has not subsequently sold any. Another director accumulated 1,661 shares via options. The stock joined the INK Canadian Insider Index on May 15.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.