Lindblad Expeditions $LIND Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its stake in Lindblad Expeditions (NASDAQ:LIND) by 122.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,241 shares of the company’s stock after purchasing an additional 43,093 shares during the period. Harbor Capital Advisors Inc. owned 0.14% of Lindblad Expeditions worth $1,128,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LIND. Wedge Capital Management L L P NC lifted its stake in Lindblad Expeditions by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock valued at $1,735,000 after buying an additional 958 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after purchasing an additional 1,037 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in Lindblad Expeditions by 7.1% during the 3rd 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 during the period. The Manufacturers Life Insurance Company boosted its stake in Lindblad Expeditions by 9.3% during the 2nd 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 during the period. Finally, Osaic Holdings Inc. grew its position in Lindblad Expeditions by 58.1% in the 2nd 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. 75.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LIND. Citigroup initiated coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating on the stock. Benchmark increased their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Stifel Nicolaus raised their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Oppenheimer began coverage on Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 price target for the company. Finally, Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Five investment 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 data from MarketBeat.com, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average price target of $22.25.

Insider Transactions at Lindblad Expeditions

In other news, CEO Benjamin Bressler sold 222,386 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $16.08, for a total transaction of $3,575,966.88. Following the completion of the transaction, the chief executive officer owned 23,466 shares in the company, valued at approximately $377,333.28. This trade represents a 90.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sven-Olof Lindblad sold 233,505 shares of Lindblad Expeditions 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 completion of the transaction, the director directly owned 10,939,274 shares in the company, valued at $188,921,261.98. This represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,829,996 shares of company stock worth $30,687,123. 34.00% of the stock is owned by corporate insiders.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND opened at $17.06 on Monday. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -27.08 and a beta of 2.25. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $21.23. The stock’s 50 day moving average price is $18.39 and its 200 day moving average price is $15.04.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share (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 analysts’ expectations of $167.66 million. On average, sell-side analysts expect that Lindblad Expeditions will post -0.43 EPS for the current year.

About Lindblad Expeditions

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.