Lineage, Inc. (NASDAQ:LINE) Shares Purchased by EPIQ Capital Group LLC

EPIQ Capital Group LLC grew its position in shares of Lineage, Inc. (NASDAQ:LINE) by 10.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,100 shares of the company’s stock after purchasing an additional 500 shares during the quarter. EPIQ Capital Group LLC’s holdings in Lineage were worth $301,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LINE. US Bancorp DE bought a new stake in Lineage in the 3rd quarter valued at about $25,000. GAMMA Investing LLC raised its holdings in shares of Lineage by 7,466.7% during the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after buying an additional 448 shares during the last quarter. Larson Financial Group LLC acquired a new position in shares of Lineage during the third quarter worth approximately $34,000. Stifel Financial Corp acquired a new position in shares of Lineage during the third quarter worth approximately $211,000. Finally, MetLife Investment Management LLC bought a new position in Lineage in the 3rd quarter worth approximately $226,000.

Lineage Stock Up 0.4 %

NASDAQ:LINE opened at $61.26 on Monday. Lineage, Inc. has a 1-year low of $52.75 and a 1-year high of $89.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 0.95. The business’s fifty day moving average price is $57.95 and its 200 day moving average price is $67.30.

Lineage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were given a $0.5275 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Tuesday, December 31st.

Insider Buying and Selling

In related news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the purchase, the chairman now owns 24,317 shares of the company’s stock, valued at $1,471,178.50. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on LINE shares. JPMorgan Chase & Co. downgraded Lineage from an “overweight” rating to a “neutral” rating and cut their target price for the company from $78.00 to $75.00 in a research note on Friday, December 20th. BNP Paribas started coverage on Lineage in a research note on Tuesday, January 14th. They set a “neutral” rating and a $61.00 target price for the company. Piper Sandler dropped their target price on shares of Lineage from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group reduced their target price on shares of Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a report on Friday, January 17th. Finally, Mizuho dropped their price target on Lineage from $86.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Seven research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.00.

About Lineage

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.