Lineage, Inc. (LINE) To Go Ex-Dividend on September 30th

Lineage, Inc. (NASDAQ:LINE) announced a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.5325 per share on Wednesday, October 21st. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, September 30th.

Lineage Price Performance

NASDAQ:LINE opened at $37.94 on Thursday. The company has a quick ratio of 0.70, a current ratio of 0.78 and a debt-to-equity ratio of 0.84. The firm has a market cap of $8.64 billion, a PE ratio of -52.69 and a beta of 0.82. Lineage has a 12 month low of $31.33 and a 12 month high of $45.75. The company’s 50-day moving average price is $41.15 and its two-hundred day moving average price is $39.82.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.98. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. Lineage’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, equities analysts anticipate that Lineage will post 2.5 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robb A. Lemasters purchased 20,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were bought at an average price of $41.33 per share, with a total value of $826,600.00. Following the purchase, the chief financial officer directly owned 49,500 shares in the company, valued at $2,045,835. This trade represents a 67.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Kevin Marchetti purchased 25,000 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was bought at an average cost of $39.50 per share, for a total transaction of $987,500.00. Following the purchase, the chairman owned 138,690 shares in the company, valued at $5,478,255. This trade represents a 21.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 71.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lineage

Large investors have recently bought and sold shares of the company. Rothschild Investment LLC raised its holdings in shares of Lineage by 575.2% during the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock worth $26,000 after acquiring an additional 627 shares during the period. Paralel Advisors LLC acquired a new position in Lineage in the 2nd quarter worth $26,000. Allworth Financial LP increased its holdings in Lineage by 106.6% during the 4th quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after purchasing an additional 485 shares in the last quarter. Aew Capital Management L P acquired a new stake in shares of Lineage in the 4th quarter valued at about $42,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Lineage in the 2nd quarter valued at about $48,000.

Lineage Company Profile

Lineage, Inc (NASDAQ: LINE) is a global real estate investment trust focused on temperature-controlled industrial properties and the food supply chain. The company owns, operates and develops a network of cold-storage facilities designed to preserve perishable products, including frozen and refrigerated food, from production through distribution and retail.

Lineage provides temperature-controlled warehousing, inventory management, transportation coordination and related supply-chain services.