Rice Hall James & Associates LLC decreased its position in Lindblad Expeditions (NASDAQ:LIND – Free Report) by 16.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 138,296 shares of the company’s stock after selling 27,586 shares during the period. Rice Hall James & Associates LLC’s holdings in Lindblad Expeditions were worth $1,994,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in LIND. Osaic Holdings Inc. grew its holdings in shares of Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after buying an additional 1,322 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after buying an additional 3,311 shares during the period. State of Wyoming acquired a new position in shares of Lindblad Expeditions in the 4th quarter valued at $136,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Lindblad Expeditions in the 4th quarter valued at $145,000. Finally, AQR Capital Management LLC grew its holdings in shares of Lindblad Expeditions by 44.4% in the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after buying an additional 4,921 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.
Lindblad Expeditions Trading Down 0.3%
Shares of NASDAQ LIND opened at $23.90 on Wednesday. The firm has a market cap of $1.57 billion, a PE ratio of -44.26 and a beta of 2.26. Lindblad Expeditions has a 1-year low of $10.55 and a 1-year high of $24.82. The company has a fifty day moving average price of $20.33 and a 200 day moving average price of $17.88.
Insider Activity
In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.26, for a total transaction of $40,520.00. Following the sale, the director directly owned 112,486 shares of the company’s stock, valued at $2,278,966.36. The trade was a 1.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Trey Byus sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.05, for a total transaction of $200,500.00. Following the sale, the insider directly owned 101,530 shares in the company, valued at $2,035,676.50. This trade represents a 8.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 43,960 shares of company stock worth $885,226 over the last three months. Insiders own 26.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on LIND shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Oppenheimer started coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They issued an “outperform” rating and a $25.00 target price for the company. Finally, Benchmark upped their target price on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.
Check Out Our Latest Report on Lindblad Expeditions
Lindblad Expeditions 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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