Lineage, Inc. (LINE) To Go Ex-Dividend on June 30th

Lineage, Inc. (NASDAQ:LINE) declared a quarterly dividend on Friday, June 12th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.5325 per share on Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

Lineage Stock Performance

NASDAQ:LINE opened at $44.02 on Friday. Lineage has a 12 month low of $31.33 and a 12 month high of $45.69. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. The firm has a market capitalization of $10.02 billion, a PE ratio of -70.99 and a beta of 0.88. The business’s fifty day moving average price is $40.38 and its 200 day moving average price is $37.72.

Lineage (NASDAQ:LINE) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $1.01. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm posted $0.86 EPS. The business’s quarterly revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Lineage will post 2.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lineage

Institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in Lineage by 172.4% during the 2nd 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. Rothschild Investment LLC raised its holdings in shares of Lineage by 575.2% in the fourth quarter. Rothschild Investment LLC now owns 736 shares of the company’s stock valued at $26,000 after buying an additional 627 shares during the last quarter. Caitlin John LLC purchased a new stake in shares of Lineage in the third quarter valued at about $31,000. Allworth Financial LP boosted its stake in shares of Lineage by 106.6% during the fourth quarter. Allworth Financial LP now owns 940 shares of the company’s stock worth $33,000 after buying an additional 485 shares during the period. Finally, Aew Capital Management L P acquired a new stake in shares of Lineage during the fourth quarter worth about $42,000.

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.