Rice Hall James & Associates LLC Cuts Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Rice Hall James & Associates LLC lessened its holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,530 shares of the company’s stock after selling 5,475 shares during the period. Rice Hall James & Associates LLC’s holdings in Lindblad Expeditions were worth $3,137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LIND. SG Americas Securities LLC purchased a new position in shares of Lindblad Expeditions in the 3rd quarter valued at about $139,000. Semanteon Capital Management LP purchased a new position in shares of Lindblad Expeditions in the 3rd quarter valued at about $222,000. Pinnacle Associates Ltd. increased its stake in shares of Lindblad Expeditions by 1.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock valued at $5,569,000 after purchasing an additional 6,267 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Lindblad Expeditions by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after purchasing an additional 26,647 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Lindblad Expeditions by 49.6% in the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after purchasing an additional 1,722 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LIND shares. StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Craig Hallum boosted their price objective on Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Insider Transactions at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total transaction of $82,320.00. Following the transaction, the director now directly owns 123,754 shares in the company, valued at $1,455,347.04. The trade was a 5.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 34.30% of the company’s stock.

Lindblad Expeditions Trading Down 0.2 %

NASDAQ:LIND opened at $13.18 on Wednesday. Lindblad Expeditions Holdings, Inc. has a 12 month low of $6.35 and a 12 month high of $14.34. The stock has a 50 day moving average of $12.13 and a two-hundred day moving average of $10.94. The firm has a market cap of $718.31 million, a P/E ratio of -17.57 and a beta of 3.11.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.