Royce & Associates LP cut its holdings in Lindblad Expeditions (NASDAQ:LIND – Free Report) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,091,371 shares of the company’s stock after selling 29,072 shares during the period. Royce & Associates LP’s holdings in Lindblad Expeditions were worth $15,738,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Black Diamond Financial LLC boosted its holdings in shares of Lindblad Expeditions by 13.6% in the 3rd quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after buying an additional 127,950 shares during the period. Pier Capital LLC acquired a new position in shares of Lindblad Expeditions in the 3rd quarter valued at about $6,076,000. SG Americas Securities LLC boosted its holdings in shares of Lindblad Expeditions by 112.4% in the 4th quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock valued at $2,484,000 after buying an additional 91,176 shares during the period. Anchor Capital Management Company LLC boosted its holdings in shares of Lindblad Expeditions by 7.4% in the 3rd quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after buying an additional 131,203 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Lindblad Expeditions by 4.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after buying an additional 41,750 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Oppenheimer assumed coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective on the stock. Finally, Benchmark lifted their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $24.33.
Lindblad Expeditions Price Performance
NASDAQ LIND opened at $21.37 on Wednesday. The company’s 50 day simple moving average is $18.79 and its 200 day simple moving average is $16.75. Lindblad Expeditions has a 12 month low of $10.28 and a 12 month high of $22.34. The company has a market capitalization of $1.40 billion, a P/E ratio of -39.57 and a beta of 2.21.
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. On average, analysts anticipate that Lindblad Expeditions will post 0.09 earnings per share for the current year.
Insider Activity at Lindblad Expeditions
In related news, Director John M. Fahey, Jr. sold 7,768 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $17.66, for a total transaction of $137,182.88. Following the transaction, the director directly owned 122,986 shares of the company’s stock, valued at approximately $2,171,932.76. The trade was a 5.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $17.57, for a total transaction of $983,920.00. Following the completion of the sale, the director directly owned 45,488 shares of the company’s stock, valued at $799,224.16. This represents a 55.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 107,728 shares of company stock valued at $2,006,329. Corporate insiders own 26.10% of the company’s stock.
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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