Royce & Associates LP Sells 29,072 Shares of Lindblad Expeditions $LIND

Royce & Associates LP reduced its position in Lindblad Expeditions (NASDAQ:LIND) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,091,371 shares of the company’s stock after selling 29,072 shares during the period. Royce & Associates LP owned approximately 1.97% of Lindblad Expeditions worth $15,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Wedge Capital Management L L P NC grew its stake in shares of Lindblad Expeditions by 0.8% during 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. increased its position in shares of Lindblad Expeditions by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after purchasing an additional 1,037 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Lindblad Expeditions by 9.3% in the second 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. Osaic Holdings Inc. increased its stake in shares of Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after acquiring an additional 1,322 shares during the period. Finally, Victory Capital Management Inc. raised its position in Lindblad Expeditions by 2.0% during the third quarter. Victory Capital Management Inc. now owns 89,190 shares of the company’s stock valued at $1,142,000 after acquiring an additional 1,790 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Benchmark lifted their target price on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a report on Friday, February 27th. Oppenheimer started coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Four 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Insider Activity at Lindblad Expeditions

In related news, insider Trey Byus sold 26,460 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $20.23, for a total transaction of $535,285.80. Following the transaction, the insider owned 111,530 shares of the company’s stock, valued at approximately $2,256,251.90. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John M. Fahey, Jr. sold 7,768 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total transaction of $137,182.88. Following the transaction, the director directly owned 122,986 shares in the company, valued at approximately $2,171,932.76. This represents a 5.94% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 107,728 shares of company stock valued at $2,006,329. Company insiders own 26.10% of the company’s stock.

Lindblad Expeditions Trading Up 3.9%

Shares of LIND opened at $21.37 on Wednesday. The firm’s 50-day moving average is $18.79 and its two-hundred day moving average is $16.75. The firm has a market capitalization of $1.40 billion, a P/E ratio of -39.57 and a beta of 2.21. Lindblad Expeditions has a twelve month low of $10.28 and a twelve month high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. Analysts predict that Lindblad Expeditions will post 0.09 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.