Rice Hall James & Associates LLC Invests $2.41 Million in Lindblad Expeditions $LIND

Rice Hall James & Associates LLC purchased a new stake in shares of Lindblad Expeditions (NASDAQ:LIND) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 85,391 shares of the company’s stock, valued at approximately $2,411,000.

Several other large investors have also made changes to their positions in LIND. Osaic Holdings Inc. increased its holdings in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the last quarter. State of Wyoming acquired a new stake in Lindblad Expeditions in the second quarter valued at approximately $109,000. Kemnay Advisory Services Inc. acquired a new stake in Lindblad Expeditions in the fourth quarter valued at approximately $57,000. Royal Bank of Canada grew its position in Lindblad Expeditions by 127.1% in the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after acquiring an additional 2,515 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Trading Down 1.3%

Shares of Lindblad Expeditions stock opened at $32.35 on Wednesday. The firm has a fifty day simple moving average of $28.30 and a 200-day simple moving average of $22.44. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -85.13 and a beta of 2.24. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $35.00.

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

Wall Street Analysts Forecast Growth

LIND has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $29.00 price objective on shares of Lindblad Expeditions in a research note on Thursday, August 6th. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.20.

Insider Buying and Selling at Lindblad Expeditions

In other news, Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares in the company, valued at approximately $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John M. Fahey, Jr. sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.26, for a total value of $40,520.00. Following the transaction, the director directly owned 112,486 shares of the company’s stock, valued at $2,278,966.36. This represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 56,642 shares of company stock worth $1,321,803 over the last ninety days. Company insiders own 26.10% of the company’s stock.

Lindblad Expeditions Profile

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.