Directors dealings: Hilton Food Group non-exec picks up some shares as stock soars

15th Apr 2016 16:14

(ShareCast News) - Christine Cross, one of three non-executive directors at Hilton Food Group picked up £29,000-worth of stock in the company on whose board she sits at a price of 580p for each share.It was her first purchase of the group's shares. The meat processor, which operates plants in the UK, Ireland, the Netherlands, Sweden, Poland and Denmark, latest full-year results revealed a 11.3% increase in earnings before interest and taxes to £2.9m.Following those numbers, Numis analyst Charles Pick said the shares were a "tremendous stock to lock away for the medium-term".In a research report sent to clients on 6 April, Pick pointed out the Cambridgeshire-based firm's free cash flow yield of approximately 6.2% and how on a forecast enterprise value-to-earnings before interest, taxes, depreciation and amortisation basis the shares were trading at a "considerable" discount to the likes of Cranswick or Devro.Stock in Hilton Foods Group was then changing hands at an EV/EBITDA multiple of 10.0.Ms.Cross joined the board of the company on 22 March 2016.For that reason Pick lifted his target price on the shares from 630p to 729p, while keeping his recommendation at a 'buy'.Shares in the company finished the Friday session 0.04% lower at 570.0p, just below its 52-week high of 581.5p, giving it a market capitalisation of £425.06m. Top Director BuysHilton Food Group (HFG)Director name: Cross,ChristineAmount purchased: 5,000 @ 580.00pValue: £29,000.00Mj Gleeson (GLE)Director name: Harrison,JolyonAmount purchased: 4,150 @ 571.00pValue: £23,696.50Cenkos Securities (CNKS)Director name: Durkin,James John (Jim)Amount purchased: 16,410 @ 135.20pValue: £22,186.321pm (OPM)Director name: Russell,RonaldAmount purchased: 30,000 @ 67.00pValue: £20,100.00John Laing Group (JLG)Director name: Brousse,OlivierAmount purchased: 8,800 @ 225.16pValue: £19,814.08Aberforth Smaller Companies Trust (ASL)Director name: Trickett ,S PaulAmount purchased: 1,590 @ 1,035.00pValue: £16,456.50F&c Private Equity Trust (FPEO)Director name: Rafferty,JohnAmount purchased: 3,000 @ 247.18pValue: £7,415.40Jupiter Fund Management (JUP)Director name: Johnson,PhilipAmount purchased: 1,495 @ 409.00pValue: £6,114.55Tyratech Inc. (di / Regs) (TYR)Director name: Hills,James (Jim)Amount purchased: 100,000 @ 5.00pValue: £5,000.00Xaar (XAR)Director name: Edwards ,Doug Amount purchased: 368 @ 489.00pValue: £1,799.52Xaar (XAR)Director name: Bevis ,AlexAmount purchased: 368 @ 489.00pValue: £1,799.52Securities Trust Of Scotland (STS)Director name: Donaldson,Michael NeilAmount purchased: 177 @ 137.90pValue: £244.08British Land Company (BLND)Director name: Roberts,Timothy AndrewAmount purchased: 21 @ 730.52pValue: £153.41Sig (SHI)Director name: Robertson,DouglasAmount purchased: 106 @ 141.90pValue: £150.41Sig (SHI)Director name: Mitchell,StuartAmount purchased: 106 @ 141.90pValue: £150.41Share Plc (SHRE)Director name: Birkett,Mike Amount purchased: 556 @ 27.00pValue: £150.12Share Plc (SHRE)Director name: Tolkien,RichardAmount purchased: 556 @ 27.00pValue: £150.12Share Plc (SHRE)Director name: Ecsery,Francesca Eva Amount purchased: 556 @ 27.00pValue: £150.12Share Plc (SHRE)Director name: Thomas ,Gareth Amount purchased: 556 @ 27.00pValue: £150.12Share Plc (SHRE)Director name: Stone,Richard WilliamAmount purchased: 556 @ 27.00pValue: £150.12British Land Company (BLND)Director name: Grigg,ChrisAmount purchased: 20 @ 730.52pValue: £146.10British Land Company (BLND)Director name: Bell,Lucinda Amount purchased: 20 @ 730.52pValue: £146.10British Land Company (BLND)Director name: Maudsley,Charles Amount purchased: 17 @ 730.52pValue: £124.19Top Director SellsPrudential (PRU)Director name: Stowe,BarryAmount sold: 6,632 @ $39.75Value: $263,622.00