Cresset Asset Management LLC Sells 16,329 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Cresset Asset Management LLC lowered its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 27.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 42,441 shares of the company’s stock after selling 16,329 shares during the quarter. Cresset Asset Management LLC’s holdings in Lindblad Expeditions were worth $503,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Manchester Capital Management LLC grew its holdings in shares of Lindblad Expeditions by 91.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after purchasing an additional 1,360 shares during the last quarter. New York State Teachers Retirement System bought a new stake in Lindblad Expeditions in the 4th quarter worth $38,000. KLP Kapitalforvaltning AS bought a new stake in Lindblad Expeditions in the 4th quarter worth $110,000. NewEdge Advisors LLC bought a new stake in Lindblad Expeditions in the 4th quarter worth $121,000. Finally, Caxton Associates LP bought a new stake in Lindblad Expeditions in the 4th quarter worth $124,000. Institutional investors own 75.94% of the company’s stock.

Insider Transactions at Lindblad Expeditions

In other news, Director Alex P. Schultz purchased 36,375 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, April 21st. The shares were bought at an average cost of $7.97 per share, with a total value of $289,908.75. Following the completion of the purchase, the director now directly owns 283,323 shares in the company, valued at approximately $2,258,084.31. This trade represents a 14.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 34.30% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th.

Lindblad Expeditions Price Performance

Shares of LIND opened at $10.71 on Thursday. The company has a 50-day simple moving average of $9.27 and a two-hundred day simple moving average of $11.13. The firm has a market capitalization of $585.92 million, a PE ratio of -14.28 and a beta of 2.65. Lindblad Expeditions Holdings, Inc. has a one year low of $6.76 and a one year high of $14.34.

Lindblad Expeditions 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.