Lisanti Capital Growth LLC Purchases Shares of 186,940 Lindblad Expeditions $LIND

Lisanti Capital Growth LLC purchased a new position in Lindblad Expeditions (NASDAQ:LIND) in the second quarter, HoldingsChannel reports. The firm purchased 186,940 shares of the company’s stock, valued at approximately $5,279,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in shares of Lindblad Expeditions by 44.4% during the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after buying an additional 4,921 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after buying an additional 1,037 shares during the period. Creative Planning purchased a new stake in Lindblad Expeditions in the 2nd quarter worth $174,000. JPMorgan Chase & Co. increased its stake in Lindblad Expeditions by 78.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 311,363 shares of the company’s stock worth $3,634,000 after buying an additional 137,312 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Lindblad Expeditions by 8.1% during the second quarter. Rhumbline Advisers now owns 55,012 shares of the company’s stock valued at $642,000 after acquiring an additional 4,114 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Price Performance

Shares of LIND opened at $31.82 on Thursday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -83.74 and a beta of 2.24. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $35.00. The business’s 50 day simple moving average is $28.50 and its 200-day simple moving average is $22.54.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The firm had revenue of $199.25 million during the quarter, compared to analyst estimates of $185.86 million. On average, sell-side analysts expect that Lindblad Expeditions will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the transaction, the director owned 25,872 shares in the company, valued at $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LIND shares. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research report on Monday, June 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Texas Capital downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Benchmark boosted their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lindblad Expeditions currently has a consensus rating of “Hold” and an average target price of $31.20.

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.