Harbour Capital Advisors LLC Makes New $380,000 Investment in Lineage, Inc. (NASDAQ:LINE)

by · The Cerbat Gem

Harbour Capital Advisors LLC acquired a new position in shares of Lineage, Inc. (NASDAQ:LINE – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,110 shares of the company’s stock, valued at approximately $380,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LINE. Perpetual Ltd bought a new stake in shares of Lineage in the 3rd quarter valued at about $324,000. SG Americas Securities LLC bought a new stake in Lineage during the 3rd quarter worth approximately $658,000. Vontobel Holding Ltd. acquired a new position in Lineage during the 3rd quarter worth approximately $1,026,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in Lineage during the 3rd quarter worth approximately $3,582,000. Finally, Renaissance Capital LLC acquired a new position in Lineage during the 3rd quarter worth approximately $5,209,000. 3.35% of the stock is owned by institutional investors.

Lineage Stock Up 1.5 %

NASDAQ LINE opened at $77.55 on Friday. The company has a market capitalization of $18.89 billion and a P/E ratio of -5.67. Lineage, Inc. has a 52 week low of $73.16 and a 52 week high of $89.85. The firm’s 50 day moving average price is $80.99. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.95 and a current ratio of 1.10.

Lineage Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, October 21st. Investors of record on Monday, September 30th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, September 30th. Lineage’s dividend payout ratio (DPR) is currently -11.12%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LINE. Evercore ISI cut their price objective on Lineage from $90.00 to $88.00 and set an “in-line” rating for the company in a report on Monday, October 7th. Baird R W raised Lineage to a “strong-buy” rating in a research note on Monday, August 19th. Truist Financial initiated coverage on Lineage in a research note on Monday, August 19th. They set a “buy” rating and a $94.00 price target on the stock. Robert W. Baird initiated coverage on Lineage in a research note on Monday, August 19th. They issued an “outperform” rating and a $91.00 price objective on the stock. Finally, Scotiabank cut their price objective on Lineage from $95.00 to $94.00 and set a “sector outperform” rating on the stock in a research note on Monday, August 26th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lineage presently has an average rating of “Moderate Buy” and an average target price of $93.50.

View Our Latest Research Report on LINE

Insider Buying and Selling

In related news, insider Jeffrey Alvarez Rivera purchased 600 shares of the firm’s stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of $78.00 per share, for a total transaction of $46,800.00. Following the completion of the acquisition, the insider now owns 5,406 shares of the company’s stock, valued at $421,668. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Lineage news, CFO Robert Crisci acquired 10,000 shares of Lineage stock in a transaction on Friday, July 26th. The stock was purchased at an average price of $78.00 per share, for a total transaction of $780,000.00. Following the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $780,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeffrey Alvarez Rivera purchased 600 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were purchased at an average price of $78.00 per share, with a total value of $46,800.00. Following the purchase, the insider now directly owns 5,406 shares in the company, valued at $421,668. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 12,150 shares of company stock worth $947,700. 1.40% of the stock is owned by corporate insiders.

Lineage Profile

(Free Report)

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.

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