Rice Hall James & Associates LLC Has $1.99 Million Position in Lindblad Expeditions $LIND

Rice Hall James & Associates LLC lowered its stake in Lindblad Expeditions (NASDAQ:LIND) by 16.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 138,296 shares of the company’s stock after selling 27,586 shares during the period. Rice Hall James & Associates LLC owned 0.25% of Lindblad Expeditions worth $1,994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Osaic Holdings Inc. increased its holdings 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 valued at $41,000 after purchasing an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Lindblad Expeditions by 222.1% in the second 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 in the last quarter. State of Wyoming acquired a new stake in shares of Lindblad Expeditions in the fourth quarter valued at approximately $136,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Lindblad Expeditions in the fourth quarter valued at approximately $145,000. Finally, AQR Capital Management LLC increased its holdings in shares of Lindblad Expeditions by 44.4% in the first quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after purchasing an additional 4,921 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insiders Place Their Bets

In other news, Director John M. Fahey, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the transaction, the director owned 112,486 shares of the company’s stock, valued at $2,278,966.36. The trade was a 1.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Trey Byus sold 10,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $20.05, for a total transaction of $200,500.00. Following the completion of the transaction, the insider directly owned 101,530 shares of the company’s stock, valued at $2,035,676.50. This trade represents a 8.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 43,960 shares of company stock valued at $885,226 in the last ninety days. Company insiders own 26.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LIND. Benchmark raised their price target 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 began coverage on shares of Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.33.

Lindblad Expeditions Stock Performance

LIND opened at $23.90 on Wednesday. The company has a fifty day moving average price of $20.33 and a two-hundred day moving average price of $17.88. Lindblad Expeditions has a 52 week low of $10.55 and a 52 week high of $24.82. The firm has a market capitalization of $1.57 billion, a PE ratio of -44.26 and a beta of 2.26.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. Equities analysts forecast 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.