Geode Capital Management LLC Increases Holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Geode Capital Management LLC raised its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 854,157 shares of the company’s stock after acquiring an additional 1,488 shares during the period. Geode Capital Management LLC owned approximately 1.57% of Lindblad Expeditions worth $10,132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Lindblad Expeditions during the 4th quarter valued at about $4,610,000. Norges Bank bought a new position in shares of Lindblad Expeditions in the fourth quarter worth approximately $1,165,000. JPMorgan Chase & Co. grew its holdings in shares of Lindblad Expeditions by 59.4% during the fourth quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company’s stock valued at $6,099,000 after buying an additional 191,546 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Lindblad Expeditions during the fourth quarter valued at approximately $110,000. Finally, Summit Global Investments purchased a new position in Lindblad Expeditions in the 4th quarter worth approximately $296,000. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Lindblad Expeditions Stock Performance

LIND opened at $8.31 on Wednesday. The company’s 50-day simple moving average is $9.92 and its two-hundred day simple moving average is $11.15. Lindblad Expeditions Holdings, Inc. has a 52-week low of $6.35 and a 52-week high of $14.34. The stock has a market capitalization of $453.61 million, a P/E ratio of -11.08 and a beta of 2.87.

Insider Activity at Lindblad Expeditions

In other news, Director Alex P. Schultz acquired 36,375 shares of the business’s stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average price of $7.97 per share, with a total value of $289,908.75. Following the completion of the acquisition, the director now directly owns 283,323 shares of the company’s stock, valued at approximately $2,258,084.31. The trade was a 14.73 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 34.30% of the stock is owned by insiders.

Lindblad Expeditions Profile

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.