Dark Forest Capital Management LP Has $212,000 Holdings in Lindsay Co. (NYSE:LNN)

Dark Forest Capital Management LP trimmed its position in shares of Lindsay Co. (NYSE:LNN) by 47.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,725 shares of the industrial products company’s stock after selling 1,580 shares during the period. Dark Forest Capital Management LP’s holdings in Lindsay were worth $212,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Tompkins Financial Corp lifted its holdings in shares of Lindsay by 66.7% during the 1st quarter. Tompkins Financial Corp now owns 500 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 200 shares during the period. EntryPoint Capital LLC bought a new stake in Lindsay during the first quarter worth $145,000. Intech Investment Management LLC acquired a new stake in shares of Lindsay in the 2nd quarter valued at $241,000. Quantbot Technologies LP acquired a new stake in shares of Lindsay in the 1st quarter valued at $239,000. Finally, SG Americas Securities LLC bought a new position in shares of Lindsay in the 2nd quarter valued at $279,000. 89.94% of the stock is owned by institutional investors.

Lindsay Price Performance

Shares of LNN stock opened at $124.64 on Tuesday. The business has a fifty day simple moving average of $121.00 and a 200 day simple moving average of $117.94. The company has a market cap of $1.36 billion, a P/E ratio of 18.91 and a beta of 0.61. The company has a quick ratio of 2.56, a current ratio of 3.95 and a debt-to-equity ratio of 0.24. Lindsay Co. has a twelve month low of $106.46 and a twelve month high of $137.31.

Insiders Place Their Bets

In other news, insider James Scott Marion sold 700 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $119.00, for a total value of $83,300.00. Following the sale, the insider now directly owns 6,278 shares in the company, valued at approximately $747,082. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

About Lindsay

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. It operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot brand; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems.