Insider Buying: Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director Buys 15,278 Shares of Stock

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director Alex P. Schultz bought 15,278 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $7.17 per share, for a total transaction of $109,543.26. Following the acquisition, the director now directly owns 232,301 shares in the company, valued at $1,665,598.17. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Lindblad Expeditions Stock Down 2.8 %

Lindblad Expeditions stock traded down $0.21 during midday trading on Monday, reaching $7.27. The stock had a trading volume of 266,275 shares, compared to its average volume of 287,478. The firm has a market cap of $389.16 million, a price-to-earnings ratio of -7.06 and a beta of 3.01. The company has a fifty day moving average of $8.72 and a 200 day moving average of $8.55. Lindblad Expeditions Holdings, Inc. has a 52-week low of $5.47 and a 52-week high of $11.53.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors have recently bought and sold shares of the company. Arizona State Retirement System purchased a new position in shares of Lindblad Expeditions during the second quarter worth $101,000. Victory Capital Management Inc. raised its stake in shares of 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 acquiring an additional 3,100 shares during the period. Principal Financial Group Inc. raised its stake in shares of Lindblad Expeditions by 2.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,661,902 shares of the company’s stock valued at $16,037,000 after acquiring an additional 36,307 shares during the period. Panagora Asset Management Inc. increased its stake in Lindblad Expeditions by 116.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 123,702 shares of the company’s stock worth $1,194,000 after buying an additional 66,595 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Lindblad Expeditions by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company’s stock valued at $1,119,000 after purchasing an additional 5,569 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on LIND. Craig Hallum decreased their price target on shares of Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. StockNews.com upgraded shares of Lindblad Expeditions from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Finally, B. Riley upped their price objective on Lindblad Expeditions from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Lindblad Expeditions Company 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.