Lindblad Expeditions $LIND Position Boosted by Aristides Capital LLC

Aristides Capital LLC lifted its position in Lindblad Expeditions (NASDAQ:LIND) by 126.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,228 shares of the company’s stock after acquiring an additional 33,048 shares during the quarter. Aristides Capital LLC owned 0.09% of Lindblad Expeditions worth $1,025,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LIND. Osaic Holdings Inc. boosted its stake in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth approximately $57,000. Royal Bank of Canada lifted its holdings in shares of Lindblad Expeditions by 127.1% in the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after purchasing an additional 2,515 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in 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 purchasing an additional 3,311 shares during the period. Finally, Assetmark Inc. boosted its position in Lindblad Expeditions by 77.0% during the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after purchasing an additional 2,373 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LIND shares. Benchmark increased their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Texas Capital lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Stifel Nicolaus lifted their price objective on shares of Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.50.

Lindblad Expeditions Price Performance

Shares of Lindblad Expeditions stock opened at $27.04 on Friday. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $30.00. The business’s fifty day moving average price is $24.39 and its two-hundred day moving average price is $20.39. The company has a market capitalization of $1.77 billion, a P/E ratio of -50.07 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. On average, research analysts expect that Lindblad Expeditions will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lindblad Expeditions news, insider Trey Byus sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.05, for a total value of $200,500.00. Following the completion of the sale, the insider directly owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Elliott Bisnow sold 44,642 shares of the firm’s stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the transaction, the director owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,602 shares of company stock valued at $1,966,009 over the last quarter. Corporate insiders own 26.10% of the company’s stock.

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.