Northern Trust Corp Has $3.75 Million Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Northern Trust Corp increased its stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 315,853 shares of the company’s stock after buying an additional 11,129 shares during the quarter. Northern Trust Corp owned about 0.58% of Lindblad Expeditions worth $3,746,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LIND. Manchester Capital Management LLC grew its position in Lindblad Expeditions by 91.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock worth $34,000 after buying an additional 1,360 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Lindblad Expeditions during the fourth quarter worth approximately $38,000. KLP Kapitalforvaltning AS acquired a new stake in Lindblad Expeditions during the fourth quarter worth approximately $110,000. NewEdge Advisors LLC acquired a new stake in Lindblad Expeditions during the fourth quarter worth approximately $121,000. Finally, Simon Quick Advisors LLC acquired a new stake in Lindblad Expeditions during the fourth quarter worth approximately $126,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th.

Insider Buying and Selling at Lindblad Expeditions

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

Lindblad Expeditions Stock Performance

Shares of LIND stock opened at $10.07 on Friday. The stock’s fifty day moving average price is $9.30 and its two-hundred day moving average price is $11.16. The company has a market cap of $550.91 million, a PE ratio of -13.43 and a beta of 2.65. Lindblad Expeditions Holdings, Inc. has a fifty-two week low of $6.76 and a fifty-two week high of $14.34.

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.