Envestnet Asset Management Inc. Invests $150,000 in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Envestnet Asset Management Inc. acquired a new position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,639 shares of the company’s stock, valued at approximately $150,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LIND. Manchester Capital Management LLC raised its holdings in shares of Lindblad Expeditions by 91.3% in the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after purchasing an additional 1,360 shares in the last quarter. New York State Teachers Retirement System bought a new position in Lindblad Expeditions in the fourth quarter worth approximately $38,000. KLP Kapitalforvaltning AS purchased a new stake in Lindblad Expeditions during the fourth quarter worth $110,000. Simon Quick Advisors LLC bought a new stake in Lindblad Expeditions during the 4th quarter valued at $126,000. Finally, Olympiad Research LP purchased a new position in shares of Lindblad Expeditions in the 4th quarter valued at $156,000. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Stock Up 6.4 %

NASDAQ:LIND opened at $10.25 on Friday. The stock has a market capitalization of $559.51 million, a price-to-earnings ratio of -13.67 and a beta of 2.65. Lindblad Expeditions Holdings, Inc. has a 52 week low of $6.76 and a 52 week high of $14.34. The firm has a 50 day moving average of $9.28 and a 200 day moving average of $11.10.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Alex P. Schultz bought 36,375 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the purchase, the director now directly owns 283,323 shares in the company, valued at $2,258,084.31. This represents a 14.73 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 34.30% of the company’s stock.

Lindblad Expeditions Company 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.