Lisanti Capital Growth LLC lessened its holdings in Lindblad Expeditions (NASDAQ:LIND – Free Report) by 73.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 49,825 shares of the company’s stock after selling 137,115 shares during the quarter. Lisanti Capital Growth LLC’s holdings in Lindblad Expeditions were worth $1,566,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of LIND. Integrated Wealth Concepts LLC bought a new stake in Lindblad Expeditions during the second quarter valued at about $25,000. GAMMA Investing LLC lifted its position in shares of Lindblad Expeditions by 35.3% in the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after acquiring an additional 326 shares in the last quarter. Allworth Financial LP bought a new position in shares of Lindblad Expeditions in the second quarter worth about $38,000. Sterling Capital Management LLC boosted its stake in shares of Lindblad Expeditions by 846.0% in the third quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock worth $52,000 after acquiring an additional 1,489 shares during the period. Finally, Silvant Capital Management LLC bought a new position in shares of Lindblad Expeditions in the second quarter worth about $58,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.
Insider Activity
In other news, Director Sven-Olof Lindblad sold 97,470 shares of the company’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $36.23, for a total transaction of $3,531,338.10. Following the transaction, the director owned 10,351,502 shares of the company’s stock, valued at approximately $375,034,917.46. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 750,000 shares of company stock worth $26,532,349 in the last ninety days. 26.10% of the stock is owned by insiders.
Lindblad Expeditions Price Performance
Shares of LIND stock opened at $34.92 on Thursday. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $38.85. The stock’s 50 day simple moving average is $32.02 and its two-hundred day simple moving average is $25.13. The company has a market cap of $2.29 billion, a PE ratio of -1,746.00 and a beta of 2.27.
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The business had revenue of $269.15 million for the quarter, compared to analysts’ expectations of $263.54 million. Lindblad Expeditions had a net margin of 0.67% and a negative return on equity of 2.74%. Equities research analysts expect that Lindblad Expeditions will post 0.17 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Deutsche Bank reissued a “hold” rating and issued a $30.00 price target on shares of Lindblad Expeditions in a report on Thursday, September 17th. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Jefferies Financial Group lifted their price objective on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lindblad Expeditions currently has an average rating of “Hold” and a consensus target price of $32.50.
View Our Latest Research Report on Lindblad Expeditions
About Lindblad Expeditions
Lindblad Expeditions Holdings, Inc. operates expedition cruises and nature-focused travel experiences through Lindblad Expeditions and its land-based travel business, Natural Habitat Adventures. Its trips emphasize wildlife, ecosystems and cultural exploration, with small ships and guided excursions designed to reach destinations that are less accessible to larger vessels. The company’s itineraries include destinations such as Antarctica, the Arctic, the Galápagos Islands, Alaska and Baja California, as well as other regions around the world.
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