Lindblad Expeditions $LIND Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lessened its stake in shares of Lindblad Expeditions (NASDAQ:LIND) by 35.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 78,882 shares of the company’s stock after selling 43,564 shares during the period. Wedge Capital Management L L P NC’s holdings in Lindblad Expeditions were worth $2,228,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of LIND. Militia Capital Management LLC acquired a new stake in Lindblad Expeditions during the first quarter worth approximately $1,643,000. Summitry LLC purchased a new stake in Lindblad Expeditions during the first quarter valued at about $208,000. Bank of America Corp DE grew its holdings in shares of Lindblad Expeditions by 96.8% during the 1st quarter. Bank of America Corp DE now owns 546,832 shares of the company’s stock worth $9,460,000 after purchasing an additional 269,039 shares during the period. Quantinno Capital Management LP grew its stake in Lindblad Expeditions by 10.0% during the first quarter. Quantinno Capital Management LP now owns 18,408 shares of the company’s stock worth $318,000 after buying an additional 1,668 shares during the period. Finally, Granahan Investment Management LLC increased its holdings in Lindblad Expeditions by 11.5% in the 1st quarter. Granahan Investment Management LLC now owns 385,383 shares of the company’s stock valued at $6,667,000 after purchasing an additional 39,809 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the sale, the director owned 112,486 shares in the company, valued at approximately $2,278,966.36. This represents a 1.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Trey Byus sold 10,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $20.05, for a total value of $200,500.00. Following the completion of the sale, the insider owned 101,530 shares of the company’s stock, valued at $2,035,676.50. The trade was a 8.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 56,642 shares of company stock valued at $1,321,803 over the last three months. Company insiders own 26.10% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of LIND stock opened at $34.48 on Friday. The business’s fifty day moving average is $27.63 and its 200-day moving average is $22.08. The stock has a market cap of $2.26 billion, a PE ratio of -90.74 and a beta of 2.24. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $34.95.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly 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 company had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. Equities research analysts predict that Lindblad Expeditions will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

LIND has been the subject of several recent research reports. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a research note on Tuesday, August 4th. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research note on Monday, June 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Finally, Benchmark upped their price target on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Four equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.20.

About Lindblad Expeditions

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.