Royce & Associates LP Sells 157,787 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Royce & Associates LP trimmed its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 11.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,252,507 shares of the company’s stock after selling 157,787 shares during the quarter. Royce & Associates LP’s holdings in Lindblad Expeditions were worth $14,855,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Quest Partners LLC lifted its holdings in shares of Lindblad Expeditions by 1,139.4% in the 3rd quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock worth $563,000 after purchasing an additional 55,968 shares in the last quarter. Barclays PLC lifted its holdings in shares of Lindblad Expeditions by 263.7% in the 3rd quarter. Barclays PLC now owns 60,234 shares of the company’s stock worth $557,000 after purchasing an additional 43,671 shares in the last quarter. Villere ST Denis J & Co. LLC bought a new position in shares of Lindblad Expeditions in the 4th quarter worth $238,000. Assetmark Inc. lifted its holdings in shares of Lindblad Expeditions by 49.6% in the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after purchasing an additional 1,722 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Lindblad Expeditions by 66.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company’s stock worth $2,985,000 after purchasing an additional 128,610 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Trading Down 0.9 %

NASDAQ LIND opened at $10.19 on Tuesday. The firm has a market capitalization of $556.23 million, a P/E ratio of -13.59 and a beta of 3.12. The business has a fifty day simple moving average of $11.73 and a 200 day simple moving average of $11.31. Lindblad Expeditions Holdings, Inc. has a 12 month low of $6.35 and a 12 month high of $14.34.

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.