Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Shares Sold by Hedges Asset Management LLC

Hedges Asset Management LLC cut its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 3.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 189,500 shares of the company’s stock after selling 6,000 shares during the period. Hedges Asset Management LLC owned approximately 0.35% of Lindblad Expeditions worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its holdings in Lindblad Expeditions by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock valued at $930,000 after purchasing an additional 3,100 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Lindblad Expeditions by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company’s stock worth $1,119,000 after acquiring an additional 5,569 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new position in shares of Lindblad Expeditions in the 1st quarter valued at $95,000. Arizona State Retirement System acquired a new stake in shares of Lindblad Expeditions during the 2nd quarter worth about $101,000. Finally, SG Americas Securities LLC purchased a new stake in Lindblad Expeditions in the 3rd quarter valued at about $139,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Stock Down 1.0 %

NASDAQ:LIND opened at $9.52 on Monday. Lindblad Expeditions Holdings, Inc. has a 52 week low of $5.47 and a 52 week high of $11.53. The company has a fifty day simple moving average of $9.61 and a two-hundred day simple moving average of $8.67. The company has a market cap of $509.63 million, a price-to-earnings ratio of -9.24 and a beta of 3.03.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The business had revenue of $136.50 million during the quarter, compared to the consensus estimate of $137.39 million. On average, analysts expect that Lindblad Expeditions Holdings, Inc. will post -0.65 EPS for the current year.

Insider Buying and Selling

In other news, Director Alex P. Schultz acquired 22,308 shares of Lindblad Expeditions stock in a transaction dated Friday, August 2nd. The shares were acquired at an average cost of $7.43 per share, for a total transaction of $165,748.44. Following the acquisition, the director now owns 217,023 shares of the company’s stock, valued at $1,612,480.89. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the sale, the insider now directly owns 58,518 shares in the company, valued at $614,439. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alex P. Schultz acquired 22,308 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was bought at an average price of $7.43 per share, with a total value of $165,748.44. Following the purchase, the director now directly owns 217,023 shares of the company’s stock, valued at $1,612,480.89. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 72,203 shares of company stock worth $549,922 over the last 90 days. 34.30% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on LIND. Stifel Nicolaus lowered their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 9th. B. Riley boosted their price objective on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Lindblad Expeditions Profile

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.