Dark Forest Capital Management LP Sells 1,580 Shares of Lindsay Co. (NYSE:LNN)

Dark Forest Capital Management LP lessened its position in shares of Lindsay Co. (NYSE:LNN) by 47.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Several other institutional investors and hedge funds also recently made changes to their positions in LNN. Louisiana State Employees Retirement System lifted its holdings in Lindsay by 1.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the industrial products company’s stock worth $688,000 after purchasing an additional 100 shares during the last quarter. Texas Permanent School Fund Corp increased its position in Lindsay by 1.5% during the 1st quarter. Texas Permanent School Fund Corp now owns 9,654 shares of the industrial products company’s stock worth $1,136,000 after buying an additional 143 shares during the period. Tompkins Financial Corp lifted its holdings in shares of Lindsay by 66.7% during the first quarter. Tompkins Financial Corp now owns 500 shares of the industrial products company’s stock worth $59,000 after buying an additional 200 shares in the last quarter. Rodgers Brothers Inc. boosted its position in shares of Lindsay by 0.4% in the first quarter. Rodgers Brothers Inc. now owns 49,760 shares of the industrial products company’s stock valued at $5,855,000 after acquiring an additional 200 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Lindsay by 0.4% in the first quarter. Principal Financial Group Inc. now owns 58,725 shares of the industrial products company’s stock valued at $6,910,000 after acquiring an additional 230 shares in the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.

Lindsay Price Performance

NYSE:LNN opened at $124.64 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.56 and a current ratio of 3.95. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 18.91 and a beta of 0.61. Lindsay Co. has a 52 week low of $106.46 and a 52 week high of $137.31. The firm’s 50-day simple moving average is $121.00 and its 200 day simple moving average is $117.94.

Insider Transactions at Lindsay

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

Lindsay Profile

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.