Lindblad Expeditions $LIND Shares Sold by Walleye Capital LLC

Walleye Capital LLC lessened its stake in Lindblad Expeditions (NASDAQ:LIND) by 26.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,084 shares of the company’s stock after selling 29,889 shares during the period. Walleye Capital LLC owned about 0.13% of Lindblad Expeditions worth $1,437,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Osaic Holdings Inc. grew its holdings in 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 during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Lindblad Expeditions in the fourth quarter valued at approximately $57,000. Royal Bank of Canada raised its stake in shares of Lindblad Expeditions by 127.1% during the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after buying an additional 2,515 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after buying an additional 3,311 shares during the period. Finally, Assetmark Inc. lifted its position in shares of Lindblad Expeditions by 77.0% during the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after buying an additional 2,373 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lindblad Expeditions

In other news, insider Trey Byus sold 26,460 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.23, for a total value of $535,285.80. Following the completion of the sale, the insider directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Fahey, Jr. sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $20.04, for a total value of $70,140.00. Following the sale, the director directly owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 88,602 shares of company stock valued at $1,966,009 over the last quarter. 26.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LIND has been the subject of a number of research reports. Benchmark boosted their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Stifel Nicolaus raised their target price on Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Capital One Financial set a $31.00 price target on Lindblad Expeditions in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lindblad Expeditions currently has an average rating of “Moderate Buy” and an average price target of $30.50.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock opened at $27.04 on Friday. The company has a market capitalization of $1.77 billion, a PE ratio of -50.07 and a beta of 2.22. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $30.00. The firm has a 50 day moving average price of $24.39 and a 200 day moving average price of $20.39.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data 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 analysts’ expectations of $197.24 million. As a group, equities research analysts forecast that Lindblad Expeditions will post 0.18 earnings per share for the current year.

Lindblad Expeditions Company Profile

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.