Raymond James Financial Inc. Buys Shares of 203,600 Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Raymond James Financial Inc. bought a new stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 203,600 shares of the company’s stock, valued at approximately $2,415,000. Raymond James Financial Inc. owned approximately 0.37% of Lindblad Expeditions at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Manchester Capital Management LLC boosted its position in Lindblad Expeditions by 91.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after acquiring an additional 1,360 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Lindblad Expeditions in the 4th quarter worth $38,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Lindblad Expeditions in the 4th quarter worth $110,000. Simon Quick Advisors LLC acquired a new stake in shares of Lindblad Expeditions in the 4th quarter worth $126,000. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Lindblad Expeditions in the 4th quarter worth $150,000. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

NASDAQ LIND opened at $8.88 on Wednesday. The firm has a market capitalization of $484.72 million, a P/E ratio of -11.84 and a beta of 2.87. Lindblad Expeditions Holdings, Inc. has a fifty-two week low of $6.35 and a fifty-two week high of $14.34. The stock has a 50-day simple moving average of $9.51 and a two-hundred day simple moving average of $11.13.

Insiders Place Their Bets

In related news, Director Alex P. Schultz acquired 36,375 shares of the stock in a transaction on Monday, April 21st. The shares were acquired at an average price of $7.97 per share, for a total transaction of $289,908.75. Following the transaction, the director now owns 283,323 shares in the company, valued at approximately $2,258,084.31. This trade represents a 14.73 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 34.30% of the company’s stock.

Analyst Ratings Changes

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

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.