Algert Global LLC Grows Holdings in Lindblad Expeditions $LIND

Algert Global LLC raised its stake in Lindblad Expeditions (NASDAQ:LIND) by 82.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 548,856 shares of the company’s stock after buying an additional 247,684 shares during the period. Algert Global LLC owned about 0.99% of Lindblad Expeditions worth $7,025,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Summit Global Investments lifted its holdings in shares of Lindblad Expeditions by 3.5% during the 2nd quarter. Summit Global Investments now owns 25,328 shares of the company’s stock worth $296,000 after acquiring an additional 848 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Lindblad Expeditions by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after acquiring an additional 1,037 shares during the last quarter. Simon Quick Advisors LLC raised its position in Lindblad Expeditions by 7.1% during the third quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock valued at $206,000 after purchasing an additional 1,065 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Lindblad Expeditions by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock valued at $168,000 after purchasing an additional 1,222 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after purchasing an additional 1,322 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $16.93 on Tuesday. The business has a 50-day moving average of $17.94 and a 200 day moving average of $14.67. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $21.23. The stock has a market capitalization of $1.10 billion, a PE ratio of -26.87 and a beta of 2.20.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.45) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.13). The business had revenue of $183.18 million during the quarter, compared to analyst estimates of $167.66 million. Analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LIND shares. Citigroup started coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating for the company. Stifel Nicolaus raised their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Finally, Benchmark lifted their price target on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Insider Activity at Lindblad Expeditions

In related news, CEO Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock in a transaction on 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 transaction, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at $377,333.28. The trade was a 90.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sven-Olof Lindblad sold 233,505 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the sale, the director owned 10,939,274 shares of the company’s stock, valued at $188,921,261.98. This represents a 2.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,846,119 shares of company stock worth $30,929,291 in the last 90 days. Company insiders own 34.00% of the company’s stock.

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.