EntryPoint Capital LLC Purchases New Shares in Lineage, Inc. (NASDAQ:LINE)

EntryPoint Capital LLC acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,938 shares of the company’s stock, valued at approximately $289,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LINE. GAMMA Investing LLC grew its stake in shares of Lineage by 7,466.7% in the fourth quarter. GAMMA Investing LLC now owns 454 shares of the company’s stock valued at $27,000 after acquiring an additional 448 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Lineage during the 3rd quarter worth approximately $34,000. Stifel Financial Corp acquired a new position in shares of Lineage during the 3rd quarter worth approximately $211,000. MetLife Investment Management LLC bought a new position in shares of Lineage during the third quarter worth approximately $226,000. Finally, M&T Bank Corp raised its position in shares of Lineage by 9.7% in the fourth quarter. M&T Bank Corp now owns 4,987 shares of the company’s stock valued at $292,000 after buying an additional 439 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on LINE. Royal Bank of Canada lowered their price objective on Lineage from $81.00 to $74.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Scotiabank raised their price target on Lineage from $73.00 to $74.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 10th. Mizuho cut their price objective on shares of Lineage from $86.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on shares of Lineage from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, BNP Paribas initiated coverage on shares of Lineage in a report on Tuesday, January 14th. They set a “neutral” rating and a $61.00 price target for the company. Seven analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $82.06.

Lineage Trading Up 0.4 %

Lineage stock opened at $59.88 on Friday. The business has a 50 day moving average of $58.55 and a 200-day moving average of $65.15. The company has a quick ratio of 0.95, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 1 year low of $52.75 and a 1 year high of $89.85.

Lineage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Stockholders of record on Monday, March 31st will be paid a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, March 31st.

Insider Activity

In related news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $60.50 per share, for a total transaction of $1,471,178.50. Following the completion of the transaction, the chairman now directly owns 24,317 shares of the company’s stock, valued at $1,471,178.50. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.

Lineage Profile

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.