Mackenzie Financial Corp Acquires 30,912 Shares of Lindblad Expeditions (NASDAQ:LIND)

Mackenzie Financial Corp boosted its holdings in Lindblad Expeditions (NASDAQ:LIND) by 67.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,552 shares of the company’s stock after acquiring an additional 30,912 shares during the quarter. Mackenzie Financial Corp owned 0.14% of Lindblad Expeditions worth $710,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in Lindblad Expeditions by 29.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,762 shares of the company’s stock worth $176,000 after acquiring an additional 3,381 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Lindblad Expeditions by 59.4% during the 4th quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company’s stock valued at $6,099,000 after purchasing an additional 191,546 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Lindblad Expeditions by 36.9% during the 4th quarter. Two Sigma Advisers LP now owns 240,600 shares of the company’s stock valued at $2,854,000 after purchasing an additional 64,800 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Lindblad Expeditions during the 4th quarter valued at about $304,000. Finally, Man Group plc bought a new position in shares of Lindblad Expeditions during the 4th quarter valued at about $374,000. 75.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on LIND shares. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Craig Hallum set a $16.00 price objective on Lindblad Expeditions and gave the company a “buy” rating in a research report on Friday, May 23rd. Finally, Stifel Nicolaus set a $18.00 price objective on Lindblad Expeditions and gave the company a “buy” rating in a research report on Tuesday.

Lindblad Expeditions Price Performance

LIND opened at $13.05 on Thursday. The stock’s 50 day simple moving average is $11.85 and its 200 day simple moving average is $10.90. Lindblad Expeditions has a 1 year low of $6.86 and a 1 year high of $14.34. The firm has a market cap of $715.01 million, a price-to-earnings ratio of -43.50 and a beta of 2.71.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.11. The company had revenue of $167.95 million for the quarter, compared to the consensus estimate of $158.97 million. As a group, sell-side analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 167,494 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $13.05, for a total value of $2,185,796.70. Following the completion of the sale, the chief executive officer owned 23,466 shares in the company, valued at approximately $306,231.30. This trade represents a 87.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 222,386 shares of company stock valued at $2,900,718. Company insiders own 34.00% of the company’s stock.

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.