72,842 Shares in Lindblad Expeditions $LIND Purchased by Great Lakes Advisors LLC

Great Lakes Advisors LLC purchased a new stake in Lindblad Expeditions (NASDAQ:LIND) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 72,842 shares of the company’s stock, valued at approximately $2,057,000. Great Lakes Advisors LLC owned approximately 0.11% of Lindblad Expeditions at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Graham Capital Management L.P. raised its holdings in shares of Lindblad Expeditions by 2.4% during the fourth quarter. Graham Capital Management L.P. now owns 24,763 shares of the company’s stock valued at $357,000 after acquiring an additional 590 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Lindblad Expeditions by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after purchasing an additional 1,037 shares in the last quarter. Deutsche Bank AG increased its position in shares of Lindblad Expeditions by 4.0% during the fourth quarter. Deutsche Bank AG now owns 29,521 shares of the company’s stock worth $426,000 after purchasing an additional 1,140 shares in the last quarter. Aristides Capital LLC raised its stake in Lindblad Expeditions by 4.7% in the 4th quarter. Aristides Capital LLC now owns 26,180 shares of the company’s stock valued at $378,000 after purchasing an additional 1,180 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Lindblad Expeditions by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock valued at $168,000 after purchasing an additional 1,222 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Price Performance

Shares of LIND opened at $31.09 on Friday. The firm has a 50-day simple moving average of $28.81 and a two-hundred day simple moving average of $22.71. The stock has a market cap of $2.04 billion, a PE ratio of -81.82 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 issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate 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 net margin of 2.08% and a negative return on equity of 0.56%. As a group, sell-side 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 equities research analysts have recently issued reports on LIND shares. Benchmark upped their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Texas Capital downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft set a $29.00 price target on shares of Lindblad Expeditions in a research report on Thursday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Finally, Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lindblad Expeditions presently has an average rating of “Hold” and a consensus target price of $31.20.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 26.10% of the stock is currently owned by insiders.

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.