Lindblad Expeditions $LIND Shares Sold by Ariel Investments LLC

Ariel Investments LLC reduced its stake in Lindblad Expeditions (NASDAQ:LIND) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,892,053 shares of the company’s stock after selling 885,715 shares during the period. Ariel Investments LLC owned 12.58% of Lindblad Expeditions worth $80,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LIND. Vanguard Group Inc. increased its stake in shares of Lindblad Expeditions by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company’s stock valued at $21,050,000 after acquiring an additional 55,003 shares during the period. Anchor Capital Management Company LLC lifted its position in Lindblad Expeditions by 7.6% in the first quarter. Anchor Capital Management Company LLC now owns 1,644,903 shares of the company’s stock worth $15,248,000 after purchasing an additional 115,814 shares during the period. Penn Capital Management Company LLC boosted its stake in Lindblad Expeditions by 110.0% during the 1st quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company’s stock valued at $8,766,000 after purchasing an additional 494,709 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Lindblad Expeditions by 2.1% during the 2nd quarter. Geode Capital Management LLC now owns 899,844 shares of the company’s stock valued at $10,503,000 after purchasing an additional 18,638 shares during the period. Finally, Driehaus Capital Management LLC bought a new stake in shares of Lindblad Expeditions in the 1st quarter worth $5,900,000. 75.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LIND has been the subject of several research analyst reports. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lindblad Expeditions currently has an average rating of “Hold” and a consensus price target of $17.00.

Lindblad Expeditions Stock Up 0.2%

Shares of Lindblad Expeditions stock opened at $12.51 on Wednesday. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $15.06. The firm has a market capitalization of $693.05 million, a PE ratio of -18.95 and a beta of 2.36. The stock’s fifty day moving average is $12.12 and its 200-day moving average is $12.40.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $240.17 million during the quarter, compared to analysts’ expectations of $229.68 million. Analysts expect that Lindblad Expeditions will post -0.43 EPS for the current year.

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.