Swiss National Bank Sells 7,800 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Swiss National Bank cut its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LINDFree Report) by 10.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 68,341 shares of the company’s stock after selling 7,800 shares during the period. Swiss National Bank owned approximately 0.13% of Lindblad Expeditions worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cacti Asset Management LLC lifted its holdings in Lindblad Expeditions by 3.8% during the fourth quarter. Cacti Asset Management LLC now owns 41,500 shares of the company’s stock worth $473,000 after acquiring an additional 1,500 shares in the last quarter. Algert Global LLC raised its stake in shares of Lindblad Expeditions by 1.8% in the 3rd quarter. Algert Global LLC now owns 100,275 shares of the company’s stock valued at $722,000 after purchasing an additional 1,760 shares during the period. Trexquant Investment LP raised its stake in shares of Lindblad Expeditions by 5.0% in the 3rd quarter. Trexquant Investment LP now owns 70,904 shares of the company’s stock valued at $511,000 after purchasing an additional 3,371 shares during the period. Victory Capital Management Inc. raised its stake in shares of Lindblad Expeditions by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 95,100 shares of the company’s stock valued at $1,072,000 after purchasing an additional 3,500 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Lindblad Expeditions by 31.9% in the 4th quarter. SG Americas Securities LLC now owns 19,740 shares of the company’s stock valued at $222,000 after purchasing an additional 4,778 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lindblad Expeditions news, Director Alex P. Schultz purchased 25,294 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $7.69 per share, for a total transaction of $194,510.86. Following the completion of the acquisition, the director now owns 151,694 shares of the company’s stock, valued at approximately $1,166,526.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Lindblad Expeditions news, Director Alex P. Schultz purchased 25,294 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $7.69 per share, for a total transaction of $194,510.86. Following the completion of the acquisition, the director now owns 151,694 shares of the company’s stock, valued at approximately $1,166,526.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alex P. Schultz purchased 33,016 shares of Lindblad Expeditions stock in a transaction that occurred on Friday, April 19th. The shares were acquired at an average price of $7.47 per share, with a total value of $246,629.52. Following the acquisition, the director now directly owns 126,400 shares of the company’s stock, valued at approximately $944,208. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 60,810 shares of company stock worth $460,390. Company insiders own 34.30% of the company’s stock.

Wall Street Analysts Forecast Growth

LIND has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday, April 2nd. Craig Hallum dropped their price target on Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Finally, StockNews.com raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

Read Our Latest Research Report on LIND

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $7.74 on Friday. The stock’s 50-day simple moving average is $7.88 and its 200 day simple moving average is $8.68. The company has a market cap of $414.32 million, a P/E ratio of -7.51 and a beta of 2.87. Lindblad Expeditions Holdings, Inc. has a 52-week low of $5.47 and a 52-week high of $12.13.

Lindblad Expeditions (NASDAQ:LINDGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The company had revenue of $153.61 million during the quarter, compared to analyst estimates of $150.24 million. As a group, equities analysts predict that Lindblad Expeditions Holdings, Inc. will post -0.44 earnings per share for the current fiscal year.

Lindblad Expeditions Company Profile

(Free Report)

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.

Further Reading

Institutional Ownership by Quarter for Lindblad Expeditions (NASDAQ:LIND)

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