Black Diamond Financial LLC Buys 36,460 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Black Diamond Financial LLC boosted its stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 4.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940,912 shares of the company’s stock after buying an additional 36,460 shares during the quarter. Lindblad Expeditions makes up 1.7% of Black Diamond Financial LLC’s portfolio, making the stock its 16th largest position. Black Diamond Financial LLC owned 1.73% of Lindblad Expeditions worth $11,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Lindblad Expeditions by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after purchasing an additional 26,647 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lindblad Expeditions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock valued at $7,889,000 after purchasing an additional 11,029 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Lindblad Expeditions by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock valued at $7,903,000 after purchasing an additional 3,016 shares in the last quarter. State Street Corp raised its holdings in shares of Lindblad Expeditions by 0.6% in the 3rd quarter. State Street Corp now owns 790,874 shares of the company’s stock valued at $7,316,000 after purchasing an additional 4,552 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Lindblad Expeditions by 1.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock valued at $5,569,000 after purchasing an additional 6,267 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LIND. StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum lifted their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lindblad Expeditions currently has an average rating of “Moderate Buy” and an average target price of $14.25.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $11.76, for a total transaction of $82,320.00. Following the sale, the director now owns 123,754 shares of the company’s stock, valued at approximately $1,455,347.04. The trade was a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 34.30% of the stock is owned by insiders.

Lindblad Expeditions Stock Down 10.3 %

Shares of Lindblad Expeditions stock opened at $11.11 on Monday. The firm’s 50 day moving average price is $12.17 and its 200-day moving average price is $11.08. Lindblad Expeditions Holdings, Inc. has a 52-week low of $6.35 and a 52-week high of $14.34. The company has a market cap of $605.54 million, a P/E ratio of -14.81 and a beta of 3.11.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.