Jackson Creek Investment Advisors LLC Acquires New Holdings in Lindblad Expeditions $LIND

Jackson Creek Investment Advisors LLC acquired a new stake in shares of Lindblad Expeditions (NASDAQ:LIND) during the fourth quarter, HoldingsChannel reports. The firm acquired 34,667 shares of the company’s stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LIND. Pier Capital LLC bought a new stake in shares of Lindblad Expeditions during the third quarter valued at about $6,076,000. Millennium Management LLC raised its position in Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after acquiring an additional 446,294 shares in the last quarter. UBS Group AG raised its position in Lindblad Expeditions by 57.9% in the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after acquiring an additional 305,704 shares in the last quarter. Algert Global LLC raised its position in Lindblad Expeditions by 82.2% in the third quarter. Algert Global LLC now owns 548,856 shares of the company’s stock worth $7,025,000 after acquiring an additional 247,684 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Lindblad Expeditions by 62.1% in the second quarter. Marshall Wace LLP now owns 568,241 shares of the company’s stock worth $6,631,000 after acquiring an additional 217,638 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Trading Up 5.6%

NASDAQ LIND opened at $22.57 on Thursday. The stock’s 50-day moving average price is $18.90 and its two-hundred day moving average price is $16.82. The company has a market cap of $1.48 billion, a PE ratio of -41.80 and a beta of 2.21. Lindblad Expeditions has a 1 year low of $10.28 and a 1 year high of $22.69.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analysts’ expectations of $197.24 million. Research analysts forecast that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, insider Trey Byus sold 26,460 shares of Lindblad Expeditions stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $20.23, for a total transaction of $535,285.80. Following the transaction, the insider owned 111,530 shares of the company’s stock, valued at $2,256,251.90. The trade was a 19.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of Lindblad Expeditions stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $17.57, for a total value of $983,920.00. Following the transaction, the director directly owned 45,488 shares in the company, valued at approximately $799,224.16. This trade represents a 55.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 107,728 shares of company stock valued at $2,006,329 in the last 90 days. 26.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Benchmark boosted their price target on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Oppenheimer assumed coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.33.

About Lindblad Expeditions

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.