Boothbay Fund Management LLC Purchases 61,499 Shares of Lineage, Inc. $LINE

Boothbay Fund Management LLC increased its position in Lineage, Inc. (NASDAQ:LINE) by 41.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 208,536 shares of the company’s stock after buying an additional 61,499 shares during the quarter. Boothbay Fund Management LLC owned 0.09% of Lineage worth $8,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in Lineage by 82.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 665 shares of the company’s stock valued at $25,000 after acquiring an additional 300 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after purchasing an additional 362 shares during the period. Caitlin John LLC bought a new stake in shares of Lineage in the third quarter worth $31,000. Allworth Financial LP grew its stake in shares of Lineage by 426.4% in the second quarter. Allworth Financial LP now owns 758 shares of the company’s stock worth $33,000 after purchasing an additional 614 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in Lineage in the third quarter valued at $45,000.

Insider Activity

In related news, Chairman Kevin Patrick Marchetti bought 11,222 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average price of $39.05 per share, for a total transaction of $438,219.10. Following the transaction, the chairman directly owned 100,390 shares of the company’s stock, valued at approximately $3,920,229.50. The trade was a 12.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 71.90% of the stock is owned by insiders.

Lineage Trading Down 1.2%

NASDAQ LINE opened at $36.43 on Monday. The business has a 50 day simple moving average of $37.54 and a 200 day simple moving average of $37.73. Lineage, Inc. has a one year low of $32.46 and a one year high of $61.01. The stock has a market capitalization of $8.27 billion, a P/E ratio of -84.72 and a beta of -0.43. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.80 and a quick ratio of 0.71.

Lineage (NASDAQ:LINE) last issued its earnings results on Wednesday, February 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Research analysts expect that Lineage, Inc. will post 2.34 earnings per share for the current year.

Lineage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, December 31st were paid a $0.5275 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.11 annualized dividend and a dividend yield of 5.8%. Lineage’s payout ratio is currently -490.70%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LINE. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lineage in a research report on Monday, December 29th. Citigroup upped their price target on Lineage from $38.00 to $42.00 and gave the company a “neutral” rating in a research report on Monday, March 2nd. Robert W. Baird reissued a “neutral” rating and issued a $39.00 price target (down from $45.00) on shares of Lineage in a research note on Thursday, December 18th. Truist Financial raised their price objective on Lineage from $41.00 to $44.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, UBS Group reduced their target price on Lineage from $41.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lineage has an average rating of “Hold” and an average price target of $43.18.

Lineage Profile

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.