Lindblad Expeditions $LIND Stock: Lisanti Capital Growth LLC Trims Position

Lisanti Capital Growth LLC decreased its holdings in shares of Lindblad Expeditions (NASDAQ:LIND) by 73.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,825 shares of the company’s stock after selling 137,115 shares during the period. Lisanti Capital Growth LLC owned 0.08% of Lindblad Expeditions worth $1,566,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new stake in shares of Lindblad Expeditions in the 2nd quarter worth approximately $25,000. Allworth Financial LP purchased a new position in shares of Lindblad Expeditions during the second quarter valued at approximately $38,000. GAMMA Investing LLC raised its holdings in shares of Lindblad Expeditions by 35.3% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after acquiring an additional 326 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Lindblad Expeditions by 846.0% during the third quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock valued at $52,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Silvant Capital Management LLC bought a new position in shares of Lindblad Expeditions during the second quarter valued at approximately $58,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insiders Place Their Bets

In related news, Director Sven-Olof Lindblad sold 66,872 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $36.95, for a total transaction of $2,470,920.40. Following the completion of the sale, the director owned 9,937,202 shares in the company, valued at approximately $367,179,613.90. This represents a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 750,000 shares of company stock worth $26,532,349. 26.10% of the stock is currently owned by insiders.

Lindblad Expeditions Stock Down 1.3%

Lindblad Expeditions stock opened at $34.92 on Thursday. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $38.85. The company has a market capitalization of $2.29 billion, a P/E ratio of -1,746.00 and a beta of 2.27. The stock’s 50 day moving average is $32.02 and its 200 day moving average is $25.13.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.35 by $0.01. Lindblad Expeditions had a net margin of 0.67% and a negative return on equity of 2.74%. The company had revenue of $269.15 million for the quarter, compared to the consensus estimate of $263.54 million. As a group, equities analysts expect that Lindblad Expeditions will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on LIND. Stifel Nicolaus set a $43.00 price target on shares of Lindblad Expeditions in a report on Wednesday, November 4th. Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Jefferies Financial Group upped their price objective on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, October 8th. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 5th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $30.00 target price on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.50.

Lindblad Expeditions Profile

Lindblad Expeditions Holdings, Inc. operates expedition cruises and nature-focused travel experiences through Lindblad Expeditions and its land-based travel business, Natural Habitat Adventures. Its trips emphasize wildlife, ecosystems and cultural exploration, with small ships and guided excursions designed to reach destinations that are less accessible to larger vessels. The company’s itineraries include destinations such as Antarctica, the Arctic, the Galápagos Islands, Alaska and Baja California, as well as other regions around the world.