Jupiter Topco LLC Purchases Shares of 26,866 Lindblad Expeditions $LIND

Jupiter Topco LLC acquired a new position in shares of Lindblad Expeditions (NASDAQ:LIND) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,866 shares of the company’s stock, valued at approximately $759,000.

A number of other large investors also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in Lindblad Expeditions in the second quarter worth approximately $38,000. Osaic Holdings Inc. increased its holdings in Lindblad Expeditions by 58.1% during the 2nd 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. Tower Research Capital LLC TRC raised its holdings in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Lindblad Expeditions during the fourth quarter valued at about $57,000. Finally, Silvant Capital Management LLC bought a new position in shares of Lindblad Expeditions in the 2nd quarter worth approximately $58,000. Institutional investors own 75.94% of the company’s stock.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director Michael Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares in the company, valued at approximately $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 26.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LIND. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a research note on Tuesday, August 4th. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, August 29th. Texas Capital downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft set a $29.00 target price on Lindblad Expeditions in a research report on Thursday, August 6th. Finally, Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Hold” and an average target price of $31.20.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $25.87 on Monday. The firm has a fifty day moving average of $29.29 and a 200 day moving average of $23.37. Lindblad Expeditions has a one year low of $11.37 and a one year high of $35.00. The firm has a market cap of $1.70 billion, a PE ratio of -68.08 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%.The business had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. On average, equities analysts predict that Lindblad Expeditions will post 0.17 EPS for the current fiscal year.

Lindblad Expeditions 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.