Balanced Rock Investment Advisors LLC Sells 1,160 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Balanced Rock Investment Advisors LLC cut its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,065 shares of the company’s stock after selling 1,160 shares during the quarter. Balanced Rock Investment Advisors LLC owned approximately 0.06% of Lindblad Expeditions worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Virtu Financial LLC bought a new position in Lindblad Expeditions during the fourth quarter valued at about $204,000. Quest Partners LLC bought a new position in shares of Lindblad Expeditions during the 4th quarter valued at approximately $200,000. Victory Capital Management Inc. increased its stake in shares of Lindblad Expeditions by 3.8% during the 4th quarter. Victory Capital Management Inc. now owns 95,100 shares of the company’s stock worth $1,072,000 after purchasing an additional 3,500 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Lindblad Expeditions by 241.9% in the 1st quarter. GSA Capital Partners LLP now owns 48,925 shares of the company’s stock worth $456,000 after purchasing an additional 34,614 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Lindblad Expeditions by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after purchasing an additional 31,921 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Insider Transactions at Lindblad Expeditions

In related news, insider Noah Brodsky sold 14,344 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was 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 approximately $614,439. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Noah Brodsky sold 14,344 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 58,518 shares of the company’s stock, valued at $614,439. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sven-Olof Lindblad bought 32,117 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the acquisition, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. The disclosure for this purchase can be found here. Insiders purchased 88,156 shares of company stock valued at $669,250 over the last three months. Company insiders own 34.30% of the company’s stock.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock traded down $0.30 during mid-day trading on Friday, reaching $9.92. The company’s stock had a trading volume of 232,324 shares, compared to its average volume of 297,092. The firm’s fifty day moving average price is $9.08 and its two-hundred day moving average price is $8.44. Lindblad Expeditions Holdings, Inc. has a 12-month low of $5.47 and a 12-month high of $11.53. The company has a market capitalization of $531.05 million, a P/E ratio of -9.63 and a beta of 3.01.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 9th. B. Riley increased their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Lindblad Expeditions presently has an average rating of “Moderate Buy” and a consensus target price 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.