Lindblad Expeditions (NASDAQ:LIND) Shares Gap Up Following Insider Buying Activity

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) shares gapped up before the market opened on Wednesday following insider buying activity. The stock had previously closed at $8.31, but opened at $9.10. Lindblad Expeditions shares last traded at $9.24, with a volume of 58,865 shares trading hands.

Specifically, Director Alex P. Schultz acquired 36,375 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the completion of the transaction, the director now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Analyst Upgrades and Downgrades

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

Lindblad Expeditions Price Performance

The firm has a market capitalization of $480.36 million, a price-to-earnings ratio of -11.73 and a beta of 2.87. The firm has a 50 day moving average price of $9.84 and a 200-day moving average price of $11.13.

Institutional Trading of Lindblad Expeditions

A number of large investors have recently made changes to their positions in LIND. Principal Financial Group Inc. boosted its holdings in Lindblad Expeditions by 1.6% in the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after purchasing an additional 26,647 shares in the last quarter. Anchor Capital Management Company LLC increased its stake in shares of Lindblad Expeditions by 6.9% during the fourth quarter. Anchor Capital Management Company LLC now owns 1,529,089 shares of the company’s stock worth $18,135,000 after acquiring an additional 98,514 shares during the period. Black Diamond Financial LLC raised its stake in shares of Lindblad Expeditions by 4.0% during the 4th quarter. Black Diamond Financial LLC now owns 940,912 shares of the company’s stock worth $11,159,000 after buying an additional 36,460 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Lindblad Expeditions by 1.3% in the third quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock valued at $7,889,000 after acquiring an additional 11,029 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Lindblad Expeditions by 0.4% during the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock worth $7,903,000 after buying an additional 3,016 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

About Lindblad Expeditions

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.