Jupiter Topco LLC bought a new position in Lindblad Expeditions (NASDAQ:LIND – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 26,866 shares of the company’s stock, valued at approximately $759,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of Lindblad Expeditions by 44.4% during the first quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock worth $148,000 after buying an additional 4,921 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after acquiring an additional 1,037 shares in the last quarter. Creative Planning purchased a new stake in Lindblad Expeditions in the 2nd quarter worth about $174,000. JPMorgan Chase & Co. boosted its stake in shares of Lindblad Expeditions by 78.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 311,363 shares of the company’s stock valued at $3,634,000 after buying an additional 137,312 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Lindblad Expeditions by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 55,012 shares of the company’s stock valued at $642,000 after buying an additional 4,114 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.
Insider Activity
In related news, Director Michael Bisnow sold 44,642 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares in the company, valued at approximately $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 26.10% of the company’s stock.
Lindblad Expeditions Price Performance
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.08. The business had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. On average, analysts expect that Lindblad Expeditions will post 0.17 EPS for the current year.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research report on Monday, June 29th. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, August 29th. Deutsche Bank Aktiengesellschaft set a $29.00 price objective on Lindblad Expeditions in a research report on Thursday, August 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Finally, Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.20.
Check Out Our Latest Analysis on LIND
Lindblad Expeditions Company Profile
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.
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