ValueAct Holdings L.P. boosted its position in Lindblad Expeditions Holdings Inc (NASDAQ:LIND) by 4.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,012,298 shares of the company’s stock after acquiring an additional 121,467 shares during the period. Lindblad Expeditions accounts for about 0.6% of ValueAct Holdings L.P.’s holdings, making the stock its 16th biggest position. ValueAct Holdings L.P. owned approximately 6.07% of Lindblad Expeditions worth $54,071,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in LIND. Aperio Group LLC bought a new stake in Lindblad Expeditions during the second quarter valued at $25,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Lindblad Expeditions by 72.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,238 shares of the company’s stock worth $40,000 after acquiring an additional 940 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Lindblad Expeditions by 18,404.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock valued at $68,000 after purchasing an additional 4,417 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Lindblad Expeditions by 48.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 4,385 shares of the company’s stock worth $79,000 after acquiring an additional 1,437 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of Lindblad Expeditions by 36.9% in the 2nd quarter. Bank of Montreal Can now owns 5,823 shares of the company’s stock valued at $105,000 after purchasing an additional 1,571 shares during the period. Institutional investors and hedge funds own 55.64% of the company’s stock.
Shares of LIND traded up $0.30 during trading hours on Thursday, hitting $17.68. The stock had a trading volume of 5,985 shares, compared to its average volume of 150,971. The company’s fifty day moving average is $18.48 and its two-hundred day moving average is $16.98. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.84 and a quick ratio of 0.83. Lindblad Expeditions Holdings Inc has a 52 week low of $11.98 and a 52 week high of $19.29. The stock has a market capitalization of $871.96 million, a price-to-earnings ratio of 73.67 and a beta of 0.18.
Several equities research analysts recently commented on the company. Sidoti cut Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Tuesday, July 2nd. ValuEngine lowered Lindblad Expeditions from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank restated a “hold” rating and set a $15.00 price objective on shares of Lindblad Expeditions in a research note on Sunday, August 4th. BidaskClub downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. Finally, Zacks Investment Research downgraded shares of Lindblad Expeditions from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.40.
In other Lindblad Expeditions news, Director L. Dyson Dryden sold 50,251 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $18.77, for a total transaction of $943,211.27. Following the transaction, the director now directly owns 1,522,114 shares in the company, valued at approximately $28,570,079.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 239,221 shares of company stock worth $4,381,568. Corporate insiders own 50.20% of the company’s stock.
About Lindblad Expeditions
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.
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