Diametric Capital LP Has $312,000 Holdings in Lineage, Inc. (NASDAQ:LINE)

Diametric Capital LP decreased its stake in Lineage, Inc. (NASDAQ:LINE) by 25.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,333 shares of the company’s stock after selling 1,805 shares during the quarter. Diametric Capital LP’s holdings in Lineage were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. bought a new stake in shares of Lineage in the 3rd quarter valued at about $13,786,000. The Manufacturers Life Insurance Company acquired a new position in Lineage during the third quarter valued at approximately $2,612,000. Quantbot Technologies LP bought a new stake in Lineage in the third quarter valued at approximately $323,000. BNP Paribas Financial Markets acquired a new stake in Lineage in the third quarter worth $2,993,000. Finally, MetLife Investment Management LLC bought a new position in shares of Lineage during the third quarter worth $226,000.

Insider Activity

In other Lineage news, Chairman Adam Matthew Schwartz Forste acquired 24,317 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the completion of the transaction, the chairman now directly owns 24,317 shares in the company, valued at approximately $1,471,178.50. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Lineage Stock Performance

Shares of Lineage stock opened at $56.91 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.62. Lineage, Inc. has a 12-month low of $52.75 and a 12-month high of $89.85. The business’s 50 day moving average is $58.51 and its 200-day moving average is $64.39.

Lineage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Shareholders of record on Monday, March 31st will be given a dividend of $0.5275 per share. This represents a $2.11 annualized dividend and a yield of 3.71%. The ex-dividend date is Monday, March 31st.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Morgan Stanley lowered their price objective on shares of Lineage from $80.00 to $75.00 and set an “overweight” rating for the company in a research report on Tuesday. Royal Bank of Canada dropped their price target on Lineage from $81.00 to $74.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. The Goldman Sachs Group decreased their price objective on Lineage from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Friday, January 17th. Scotiabank raised their target price on shares of Lineage from $73.00 to $74.00 and gave the stock a “sector outperform” rating in a report on Monday, March 10th. Finally, Robert W. Baird reduced their price target on shares of Lineage from $76.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, February 27th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lineage presently has a consensus rating of “Moderate Buy” and an average price target of $79.67.

Lineage Company 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.