Lindblad Expeditions $LIND Shares Sold by Walleye Capital LLC

Walleye Capital LLC trimmed its holdings in Lindblad Expeditions (NASDAQ:LINDFree Report) by 26.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 83,084 shares of the company’s stock after selling 29,889 shares during the period. Walleye Capital LLC’s holdings in Lindblad Expeditions were worth $1,437,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Militia Capital Management LLC purchased a new position in Lindblad Expeditions during the first quarter worth $1,643,000. Dimensional Fund Advisors LP raised its holdings in shares of Lindblad Expeditions by 59.0% in the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after acquiring an additional 291,776 shares during the last quarter. ANB Bank purchased a new stake in shares of Lindblad Expeditions in the first quarter valued at $272,000. Simon Quick Advisors LLC lifted its position in shares of Lindblad Expeditions by 19.7% in the first quarter. Simon Quick Advisors LLC now owns 19,293 shares of the company’s stock valued at $334,000 after acquiring an additional 3,175 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Lindblad Expeditions by 77.0% during the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after acquiring an additional 2,373 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindblad Expeditions Price Performance

NASDAQ LIND opened at $27.04 on Friday. The firm has a market capitalization of $1.77 billion, a P/E ratio of -50.07 and a beta of 2.22. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $30.00. The business’s 50-day simple moving average is $24.39 and its 200-day simple moving average is $20.39.

Lindblad Expeditions (NASDAQ:LINDGet Free Report) last posted its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. On average, equities research analysts expect that Lindblad Expeditions will post 0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LIND has been the subject of several analyst reports. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a research note on Monday, June 29th. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Finally, Texas Capital lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.50.

Check Out Our Latest Analysis on LIND

Insider Activity

In other news, insider Trey Byus sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.05, for a total transaction of $200,500.00. Following the completion of the transaction, the insider directly owned 101,530 shares in the company, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director John M. Fahey, Jr. sold 2,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $20.26, for a total transaction of $40,520.00. Following the transaction, the director directly owned 112,486 shares of the company’s stock, valued at approximately $2,278,966.36. This represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 88,602 shares of company stock worth $1,966,009 over the last ninety days. Corporate insiders own 26.10% of the company’s stock.

Lindblad Expeditions Profile

(Free Report)

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.

Further Reading

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Institutional Ownership by Quarter for Lindblad Expeditions (NASDAQ:LIND)

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