Zacks Investment Management boosted its holdings in Lindblad Expeditions Holdings Inc (NASDAQ:LIND) by 25.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,727 shares of the company’s stock after buying an additional 30,834 shares during the period. Zacks Investment Management’s holdings in Lindblad Expeditions were worth $2,741,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Nuveen Asset Management LLC purchased a new position in shares of Lindblad Expeditions during the 2nd quarter valued at $5,718,000. Cubist Systematic Strategies LLC grew its position in shares of Lindblad Expeditions by 56.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 38,149 shares of the company’s stock valued at $685,000 after purchasing an additional 13,707 shares in the last quarter. Marshall Wace LLP grew its position in shares of Lindblad Expeditions by 15.9% during the 2nd quarter. Marshall Wace LLP now owns 154,952 shares of the company’s stock valued at $2,781,000 after purchasing an additional 21,310 shares in the last quarter. ValueAct Holdings L.P. grew its position in shares of Lindblad Expeditions by 4.2% during the 2nd quarter. ValueAct Holdings L.P. now owns 3,012,298 shares of the company’s stock valued at $54,071,000 after purchasing an additional 121,467 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Lindblad Expeditions by 639.8% during the 2nd quarter. Invesco Ltd. now owns 203,848 shares of the company’s stock valued at $3,659,000 after purchasing an additional 176,293 shares in the last quarter. Institutional investors and hedge funds own 55.64% of the company’s stock.
In other news, Director L. Dyson Dryden sold 92,032 shares of Lindblad Expeditions stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.60, for a total transaction of $1,711,795.20. Following the completion of the sale, the director now directly owns 1,522,114 shares of the company’s stock, valued at approximately $28,311,320.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 239,221 shares of company stock valued at $4,381,568 over the last ninety days. 50.20% of the stock is currently owned by insiders.
Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.03). Lindblad Expeditions had a return on equity of 12.98% and a net margin of 4.96%. The company had revenue of $76.66 million for the quarter, compared to the consensus estimate of $79.58 million. On average, sell-side analysts predict that Lindblad Expeditions Holdings Inc will post 0.51 earnings per share for the current year.
A number of research analysts have recently commented on LIND shares. Zacks Investment Research lowered shares of Lindblad Expeditions from a “buy” rating to a “sell” rating in a research report on Wednesday, August 7th. ValuEngine lowered shares of 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 target on shares of Lindblad Expeditions in a research report on Sunday, August 4th. Imperial Capital restated an “outperform” rating and set a $22.00 price target (up from $21.00) on shares of Lindblad Expeditions in a research report on Tuesday, August 6th. Finally, BidaskClub lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, September 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.40.
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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