Lineage, Inc. (NASDAQ:LINE) Raises Dividend to $0.53 Per Share

Lineage, Inc. (NASDAQ:LINE) declared a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.5325 per share on Tuesday, April 21st. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 0.9% increase from Lineage’s previous quarterly dividend of $0.53.

Lineage Stock Down 5.5%

Shares of NASDAQ:LINE opened at $31.80 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. Lineage has a 52-week low of $31.76 and a 52-week high of $59.77. The company has a 50 day moving average of $37.42 and a two-hundred day moving average of $37.37. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of -73.95 and a beta of -0.42.

Lineage (NASDAQ:LINE) last posted its earnings results on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. Lineage had a negative return on equity of 1.06% and a negative net margin of 1.87%.The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. As a group, analysts forecast that Lineage will post 2.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Lineage

In related news, Chairman Kevin Patrick Marchetti purchased 13,300 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $37.50 per share, with a total value of $498,750.00. Following the acquisition, the chairman owned 113,690 shares in the company, valued at approximately $4,263,375. This trade represents a 13.25% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 71.90% of the company’s stock.

Institutional Investors Weigh In On Lineage

Several large investors have recently added to or reduced their stakes in the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Lineage by 58.0% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 76,007 shares of the company’s stock valued at $2,937,000 after buying an additional 27,905 shares during the last quarter. Waterfall Asset Management LLC acquired a new position in shares of Lineage during the third quarter valued at $6,275,000. Corient Private Wealth LLC increased its holdings in shares of Lineage by 590.5% during the second quarter. Corient Private Wealth LLC now owns 88,680 shares of the company’s stock valued at $3,859,000 after purchasing an additional 75,838 shares during the period. SCP Investment LP lifted its holdings in Lineage by 113.3% in the third quarter. SCP Investment LP now owns 480,000 shares of the company’s stock worth $18,547,000 after purchasing an additional 255,000 shares during the period. Finally, Barclays PLC lifted its holdings in Lineage by 8,719.8% in the third quarter. Barclays PLC now owns 1,022,125 shares of the company’s stock worth $39,495,000 after purchasing an additional 1,010,536 shares during the period.

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.