Legal & General Group Plc Boosts Stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Legal & General Group Plc grew its stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 31.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,032 shares of the company’s stock after buying an additional 7,906 shares during the quarter. Legal & General Group Plc owned 0.06% of Lindblad Expeditions worth $392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Barclays PLC grew its holdings in Lindblad Expeditions by 263.7% in the 3rd quarter. Barclays PLC now owns 60,234 shares of the company’s stock worth $557,000 after acquiring an additional 43,671 shares during the last quarter. JPMorgan Chase & Co. increased 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 acquiring an additional 191,546 shares in the last quarter. Villere ST Denis J & Co. LLC purchased a new position in Lindblad Expeditions in the fourth quarter worth about $238,000. New York State Common Retirement Fund lifted its position in Lindblad Expeditions by 3,496.6% in the 4th quarter. New York State Common Retirement Fund now owns 331,034 shares of the company’s stock valued at $3,926,000 after acquiring an additional 321,830 shares in the last quarter. Finally, Black Diamond Financial LLC increased its holdings in shares of Lindblad Expeditions by 4.0% in the 4th quarter. Black Diamond Financial LLC now owns 940,912 shares of the company’s stock worth $11,159,000 after purchasing an additional 36,460 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Trading Down 0.5 %

Shares of LIND stock opened at $8.84 on Thursday. Lindblad Expeditions Holdings, Inc. has a 12-month low of $6.76 and a 12-month high of $14.34. The stock’s 50-day moving average price is $9.47 and its 200-day moving average price is $11.11. The stock has a market capitalization of $482.54 million, a price-to-earnings ratio of -11.79 and a beta of 2.87.

Insider Transactions at Lindblad Expeditions

In other news, Director Alex P. Schultz bought 36,375 shares of Lindblad Expeditions stock in a transaction dated Monday, April 21st. The shares were purchased at an average cost of $7.97 per share, with a total value of $289,908.75. Following the completion of the acquisition, the director now owns 283,323 shares of the company’s stock, valued at $2,258,084.31. This trade represents a 14.73 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 34.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a 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.