EntryPoint Capital LLC Invests $289,000 in Lineage, Inc. (NASDAQ:LINE)

EntryPoint Capital LLC bought a new position in Lineage, Inc. (NASDAQ:LINE - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,938 shares of the company's stock, valued at approximately $289,000.

Several other hedge funds have also bought and sold shares of LINE. GAMMA Investing LLC lifted 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 buying an additional 448 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Lineage in the 3rd quarter worth about $34,000. Stifel Financial Corp bought a new position in Lineage in the 3rd quarter valued at about $211,000. MetLife Investment Management LLC acquired a new position in Lineage during the 3rd quarter valued at about $226,000. Finally, M&T Bank Corp increased its holdings in Lineage by 9.7% during the 4th quarter. M&T Bank Corp now owns 4,987 shares of the company's stock worth $292,000 after purchasing an additional 439 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LINE shares. JPMorgan Chase & Co. lowered Lineage from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $78.00 to $75.00 in a report on Friday, December 20th. Morgan Stanley dropped their price objective on Lineage from $80.00 to $75.00 and set an "overweight" rating on the stock in a research note on Tuesday. Mizuho reduced their target price on shares of Lineage from $86.00 to $67.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Scotiabank raised their price target on shares of Lineage from $73.00 to $74.00 and gave the company a "sector outperform" rating in a research report on Monday, March 10th. Finally, Royal Bank of Canada cut their price target on shares of Lineage from $81.00 to $74.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $79.67.

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Lineage Trading Down 2.9 %

Shares of NASDAQ LINE traded down $1.72 during midday trading on Tuesday, hitting $56.91. The company's stock had a trading volume of 1,152,559 shares, compared to its average volume of 1,279,734. The stock has a fifty day moving average price of $58.51 and a 200 day moving average price of $64.39. Lineage, Inc. has a one year low of $52.75 and a one year high of $89.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.95 and a current ratio of 1.07.

Lineage Announces Dividend

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

Insider Activity at Lineage

In other news, Chairman Adam Matthew Schwartz Forste purchased 24,317 shares of the business's stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $60.50 per share, with a total value of $1,471,178.50. Following the acquisition, the chairman now directly owns 24,317 shares in the company, valued at approximately $1,471,178.50. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

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.