Lineage, Inc. (LINE) to Issue Quarterly Dividend of $0.53 on January 21st

Lineage, Inc. (NASDAQ:LINE) announced a quarterly dividend on Thursday, December 18th. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.5275 per share on Wednesday, January 21st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

Lineage Price Performance

Shares of LINE opened at $34.67 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.86 and a current ratio of 0.99. The company has a 50 day moving average price of $36.14 and a 200-day moving average price of $39.83. Lineage has a fifty-two week low of $32.46 and a fifty-two week high of $62.30. The stock has a market capitalization of $7.91 billion, a PE ratio of -43.89 and a beta of -0.16.

Lineage (NASDAQ:LINE) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. Lineage had a negative net margin of 3.30% and a negative return on equity of 1.85%. Lineage’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Equities analysts predict that Lineage will post 2.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lineage news, Chairman Kevin Patrick Marchetti purchased 14,500 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $33.72 per share, for a total transaction of $488,940.00. Following the completion of the purchase, the chairman owned 89,168 shares of the company’s stock, valued at approximately $3,006,744.96. The trade was a 19.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Adam Matthew Schwartz Forste acquired 74,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were bought at an average price of $33.83 per share, for a total transaction of $2,503,420.00. Following the acquisition, the chairman owned 109,266 shares of the company’s stock, valued at approximately $3,696,468.78. This represents a 209.83% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 129,000 shares of company stock worth $4,366,940 in the last three months. Insiders own 71.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its stake in shares of Lineage by 82.2% during the third quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock worth $25,000 after buying an additional 300 shares during the period. EverSource Wealth Advisors LLC raised its stake in Lineage by 172.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares during the last quarter. Signaturefd LLC lifted its position in Lineage by 132.3% during the 2nd quarter. Signaturefd LLC now owns 648 shares of the company’s stock worth $28,000 after acquiring an additional 369 shares during the period. Caitlin John LLC purchased a new stake in Lineage during the 3rd quarter valued at about $31,000. Finally, Allworth Financial LP grew its stake in Lineage by 426.4% during the 2nd quarter. Allworth Financial LP now owns 758 shares of the company’s stock valued at $33,000 after purchasing an additional 614 shares during the last quarter.

About Lineage

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.