VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $1.27 Million Investment in Lindblad Expeditions $LIND

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Lindblad Expeditions (NASDAQ:LIND) during the second quarter, HoldingsChannel.com reports. The fund acquired 44,900 shares of the company’s stock, valued at approximately $1,268,000.

A number of other institutional investors have also made changes to their positions in the stock. California State Teachers Retirement System raised its stake in shares of Lindblad Expeditions by 4,129.5% in the 2nd quarter. California State Teachers Retirement System now owns 1,553,991 shares of the company’s stock valued at $43,885,000 after acquiring an additional 1,517,249 shares in the last quarter. AXQ Capital LP bought a new stake in Lindblad Expeditions during the second quarter worth approximately $260,000. Greenspring Advisors LLC acquired a new position in Lindblad Expeditions during the second quarter valued at approximately $205,000. Round Rock Advisors LLC grew its holdings in Lindblad Expeditions by 24.0% during the second quarter. Round Rock Advisors LLC now owns 39,749 shares of the company’s stock valued at $1,123,000 after purchasing an additional 7,682 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Lindblad Expeditions by 15.8% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,545 shares of the company’s stock valued at $1,625,000 after purchasing an additional 7,864 shares during the period. 75.94% of the stock is owned by institutional investors.

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $25.67 on Friday. The firm’s 50-day moving average is $29.15 and its 200-day moving average is $23.53. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $35.00. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -67.55 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) 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 during the quarter, compared to analyst estimates of $185.86 million. Equities analysts predict that Lindblad Expeditions will post 0.17 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a report on Tuesday, August 4th. Benchmark boosted their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a report on Monday, June 29th. Finally, Texas Capital downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lindblad Expeditions has an average rating of “Hold” and a consensus price target of $30.83.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Michael Bisnow sold 44,642 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 25,872 shares of the company’s stock, valued at $626,361.12. This represents a 63.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 26.10% of the stock is owned by corporate insiders.

Lindblad Expeditions Profile

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.