Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) CEO Purchases $255,330.15 in Stock

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) CEO Sven-Olof Lindblad acquired 32,117 shares of the stock in a transaction on Wednesday, August 21st. The shares were bought at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the purchase, the chief executive officer now directly owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Lindblad Expeditions Stock Up 8.0 %

LIND stock traded up $0.66 during mid-day trading on Thursday, hitting $8.88. 576,876 shares of the company were exchanged, compared to its average volume of 291,146. The business has a fifty day simple moving average of $8.68 and a 200-day simple moving average of $8.39. The firm has a market capitalization of $475.37 million, a P/E ratio of -8.64 and a beta of 3.01. Lindblad Expeditions Holdings, Inc. has a 12-month low of $5.47 and a 12-month high of $11.53.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LIND shares. B. Riley upped their price objective on shares of Lindblad Expeditions from $13.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Stifel Nicolaus dropped their price target on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Craig Hallum reduced their price target on shares of Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, StockNews.com upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Lindblad Expeditions presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Hedge Funds Weigh In On Lindblad Expeditions

A number of hedge funds have recently made changes to their positions in the stock. Algert Global LLC raised its position in Lindblad Expeditions by 24.4% in the second quarter. Algert Global LLC now owns 121,201 shares of the company’s stock valued at $1,170,000 after purchasing an additional 23,806 shares during the period. Anchor Capital Management Company LLC raised its holdings in shares of Lindblad Expeditions by 51.3% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after buying an additional 449,098 shares during the period. Cubist Systematic Strategies LLC acquired a new position in Lindblad Expeditions during the 2nd quarter worth about $519,000. Renaissance Technologies LLC boosted its holdings in Lindblad Expeditions by 71.1% during the 2nd quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock valued at $383,000 after acquiring an additional 16,500 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Lindblad Expeditions by 14.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 164,320 shares of the company’s stock valued at $1,586,000 after acquiring an additional 21,078 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.