SG Americas Securities LLC Purchases 67,480 Shares of Lindblad Expeditions $LIND

SG Americas Securities LLC lifted its position in Lindblad Expeditions (NASDAQ:LIND) by 495.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,089 shares of the company’s stock after buying an additional 67,480 shares during the period. SG Americas Securities LLC owned about 0.15% of Lindblad Expeditions worth $1,038,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Anchor Capital Management Company LLC grew its stake in Lindblad Expeditions by 8.2% in the second quarter. Anchor Capital Management Company LLC now owns 1,779,903 shares of the company’s stock valued at $20,771,000 after acquiring an additional 135,000 shares during the period. Geode Capital Management LLC lifted its holdings 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 in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Lindblad Expeditions by 108.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock valued at $6,920,000 after purchasing an additional 308,463 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Lindblad Expeditions by 8.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 578,809 shares of the company’s stock worth $6,755,000 after purchasing an additional 46,284 shares in the last quarter. Finally, Marshall Wace LLP raised its holdings in Lindblad Expeditions by 62.1% during the 2nd quarter. Marshall Wace LLP now owns 568,241 shares of the company’s stock worth $6,631,000 after buying an additional 217,638 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 7,311 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $17.01, for a total transaction of $124,360.11. Following the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at $399,156.66. The trade was a 23.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 439,146 shares of company stock valued at $7,041,711. Company insiders own 34.00% of the company’s stock.

Lindblad Expeditions Stock Performance

LIND opened at $16.23 on Monday. The business’s 50-day simple moving average is $13.55 and its 200 day simple moving average is $13.13. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $17.19. The firm has a market capitalization of $899.14 million, a PE ratio of -24.59 and a beta of 2.28.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LIND. Stifel Nicolaus upped their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Finally, Citigroup initiated coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Lindblad Expeditions Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.