Sei Investments Co. Acquires 53,029 Shares of Lindblad Expeditions $LIND

Sei Investments Co. boosted its holdings in Lindblad Expeditions (NASDAQ:LIND) by 93.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,907 shares of the company’s stock after buying an additional 53,029 shares during the quarter. Sei Investments Co.’s holdings in Lindblad Expeditions were worth $1,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Militia Capital Management LLC acquired a new position in Lindblad Expeditions during the first quarter worth about $1,643,000. Dimensional Fund Advisors LP grew its holdings in shares of Lindblad Expeditions by 59.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock valued at $13,598,000 after purchasing an additional 291,776 shares during the last quarter. ANB Bank bought a new stake in shares of Lindblad Expeditions during the 1st quarter valued at approximately $272,000. Simon Quick Advisors LLC increased its position in Lindblad Expeditions by 19.7% during the 1st quarter. Simon Quick Advisors LLC now owns 19,293 shares of the company’s stock worth $334,000 after purchasing an additional 3,175 shares in the last quarter. Finally, Assetmark Inc. increased its position in Lindblad Expeditions by 77.0% during the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock worth $94,000 after purchasing an additional 2,373 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

NASDAQ LIND opened at $33.95 on Monday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -89.34 and a beta of 2.24. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $34.95. The stock has a fifty day simple moving average of $26.73 and a 200 day simple moving average of $21.59.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The firm had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. Research analysts expect that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LIND shares. Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $29.00 price target on shares of Lindblad Expeditions in a report on Thursday. Benchmark increased their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.20.

Insider Buying and Selling

In related news, Director John M. Fahey, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.26, for a total value of $40,520.00. Following the sale, the director directly owned 112,486 shares in the company, valued at $2,278,966.36. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Trey Byus sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.05, for a total transaction of $200,500.00. Following the sale, the insider directly owned 101,530 shares of the company’s stock, valued at $2,035,676.50. This represents a 8.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,642 shares of company stock valued at $1,360,583 over the last ninety days. 26.10% of the stock is owned by company insiders.

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.