Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lowered its position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 0.9% in the third quarter, HoldingsChannel.com reports. The fund owned 270,005 shares of the company’s stock after selling 2,561 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Lindblad Expeditions were worth $2,498,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of LIND. Anchor Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 51.3% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after buying an additional 449,098 shares during the period. Ariel Investments LLC increased its stake in shares of Lindblad Expeditions by 3.1% in the 1st quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock valued at $82,824,000 after purchasing an additional 268,996 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Lindblad Expeditions by 116.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 123,702 shares of the company’s stock valued at $1,194,000 after purchasing an additional 66,595 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Lindblad Expeditions in the 2nd quarter valued at about $519,000. Finally, Hedges Asset Management LLC increased its stake in shares of Lindblad Expeditions by 24.9% in the 2nd quarter. Hedges Asset Management LLC now owns 195,500 shares of the company’s stock valued at $1,887,000 after purchasing an additional 39,000 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Trading Down 0.5 %

NASDAQ:LIND opened at $9.40 on Friday. The firm has a market cap of $510.61 million, a P/E ratio of -9.06 and a beta of 3.03. The stock has a 50 day moving average of $9.74 and a two-hundred day moving average of $8.71. Lindblad Expeditions Holdings, Inc. has a 12 month low of $5.47 and a 12 month high of $11.53.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $136.50 million during the quarter, compared to analyst estimates of $137.39 million. On average, research analysts forecast that Lindblad Expeditions Holdings, Inc. will post -0.65 earnings per share for the current year.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Alex P. Schultz acquired 15,278 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $7.17 per share, for a total transaction of $109,543.26. Following the completion of the acquisition, the director now owns 232,301 shares of the company’s stock, valued at approximately $1,665,598.17. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Noah Brodsky sold 14,344 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total value of $150,612.00. Following the transaction, the insider now directly owns 58,518 shares in the company, valued at approximately $614,439. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alex P. Schultz purchased 15,278 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average price of $7.17 per share, for a total transaction of $109,543.26. Following the completion of the purchase, the director now directly owns 232,301 shares of the company’s stock, valued at $1,665,598.17. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 49,895 shares of company stock worth $384,173 in the last ninety days. Insiders own 34.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LIND. Stifel Nicolaus cut their price target on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 9th. B. Riley lifted their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

About Lindblad Expeditions

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.