Anchor Capital Management Company LLC Purchases 131,203 Shares of Lindblad Expeditions $LIND

Anchor Capital Management Company LLC increased its position in shares of Lindblad Expeditions (NASDAQ:LIND) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,911,106 shares of the company’s stock after purchasing an additional 131,203 shares during the period. Lindblad Expeditions comprises about 21.1% of Anchor Capital Management Company LLC’s investment portfolio, making the stock its largest position. Anchor Capital Management Company LLC owned about 3.45% of Lindblad Expeditions worth $24,462,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Lindblad Expeditions in the 3rd quarter valued at $35,000. Osaic Holdings Inc. lifted its holdings in shares of Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after acquiring an additional 1,322 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares in the last quarter. CWM LLC increased its stake in Lindblad Expeditions by 188.1% in the third quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after acquiring an additional 3,166 shares during the period. Finally, Federated Hermes Inc. raised its position in Lindblad Expeditions by 579.1% in the third quarter. Federated Hermes Inc. now owns 8,129 shares of the company’s stock worth $104,000 after purchasing an additional 6,932 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LIND. Citigroup assumed coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating for the company. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Benchmark raised their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus boosted their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.33.

Lindblad Expeditions Price Performance

Shares of LIND opened at $16.16 on Friday. The business’s 50 day simple moving average is $17.89 and its 200-day simple moving average is $14.66. Lindblad Expeditions has a one year low of $7.45 and a one year high of $21.23. The company has a market capitalization of $1.05 billion, a P/E ratio of -25.65 and a beta of 2.20.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The business had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $167.66 million. On average, sell-side analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 222,386 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $16.08, for a total value of $3,575,966.88. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at approximately $377,333.28. The trade was a 90.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sven-Olof Lindblad sold 233,505 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the transaction, the director owned 10,939,274 shares in the company, valued at $188,921,261.98. The trade was a 2.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,846,119 shares of company stock valued at $30,929,291 over the last ninety days. 34.00% of the stock is currently owned by company insiders.

Lindblad Expeditions Company 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.