Pier Capital LLC Has $7.40 Million Holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Pier Capital LLC trimmed its position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 766,357 shares of the company’s stock after selling 71,779 shares during the quarter. Pier Capital LLC owned approximately 1.43% of Lindblad Expeditions worth $7,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in LIND. Los Angeles Capital Management LLC lifted its position in shares of Lindblad Expeditions by 54.3% in the second quarter. Los Angeles Capital Management LLC now owns 93,997 shares of the company’s stock worth $907,000 after buying an additional 33,060 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Lindblad Expeditions in the second quarter worth $101,000. Victory Capital Management Inc. raised 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 worth $930,000 after acquiring an additional 3,100 shares during the period. Principal Financial Group Inc. raised its holdings in Lindblad Expeditions by 2.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,661,902 shares of the company’s stock worth $16,037,000 after acquiring an additional 36,307 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in Lindblad Expeditions by 116.6% during the second quarter. Panagora Asset Management Inc. now owns 123,702 shares of the company’s stock valued at $1,194,000 after acquiring an additional 66,595 shares during the period. Institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

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

Lindblad Expeditions Trading Down 0.4 %

Shares of NASDAQ LIND opened at $9.29 on Wednesday. Lindblad Expeditions Holdings, Inc. has a one year low of $5.47 and a one year high of $11.53. The business has a fifty day simple moving average of $9.13 and a 200 day simple moving average of $8.45. The firm has a market capitalization of $504.63 million, a price-to-earnings ratio of -9.02 and a beta of 3.03.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The firm had revenue of $136.50 million for the quarter, compared to the consensus estimate of $137.39 million. On average, research analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -0.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In related news, CEO Sven-Olof Lindblad purchased 32,117 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average price of $7.95 per share, with a total value of $255,330.15. Following the purchase, the chief executive officer now directly owns 11,825,063 shares in the company, valued at $94,009,250.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Noah Brodsky sold 14,344 shares of the stock in a transaction dated 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 sale, the insider now owns 58,518 shares in the company, valued at approximately $614,439. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sven-Olof Lindblad purchased 32,117 shares of Lindblad Expeditions stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the transaction, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at $94,009,250.85. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 88,156 shares of company stock valued at $669,250. 34.30% of the stock is currently owned by corporate insiders.

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.