Rice Hall James & Associates LLC Sells 2,561 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Rice Hall James & Associates LLC cut its position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 270,005 shares of the company’s stock after selling 2,561 shares during the period. Rice Hall James & Associates LLC owned approximately 0.50% of Lindblad Expeditions worth $2,498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of Lindblad Expeditions by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock valued at $930,000 after purchasing an additional 3,100 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Lindblad Expeditions by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company’s stock valued at $1,119,000 after purchasing an additional 5,569 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of Lindblad Expeditions by 1.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock valued at $5,569,000 after purchasing an additional 6,267 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Lindblad Expeditions in the 1st quarter valued at approximately $95,000. Finally, Arizona State Retirement System bought a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at approximately $101,000. 75.94% of the stock is owned by institutional investors.

Lindblad Expeditions Stock Down 0.5 %

LIND opened at $9.40 on Friday. The stock’s fifty day moving average is $9.74 and its two-hundred day moving average is $8.71. The company has a market capitalization of $510.61 million, a P/E ratio of -9.06 and a beta of 3.03. Lindblad Expeditions Holdings, Inc. has a 52 week low of $5.47 and a 52 week high of $11.53.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The business had revenue of $136.50 million during the quarter, compared to the consensus estimate of $137.39 million. Equities analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -0.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LIND has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 9th. B. Riley increased their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Insider Activity

In related news, Director Alex P. Schultz purchased 15,278 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $7.17 per share, for a total transaction of $109,543.26. Following the acquisition, the director now owns 232,301 shares of the company’s stock, valued at $1,665,598.17. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lindblad Expeditions news, Director Alex P. Schultz acquired 15,278 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $7.17 per share, with a total value of $109,543.26. Following the transaction, the director now directly owns 232,301 shares of the company’s stock, valued at $1,665,598.17. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sven-Olof Lindblad acquired 32,117 shares of the stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average cost of $7.95 per share, with a total value of $255,330.15. Following the transaction, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 49,895 shares of company stock worth $384,173. 34.30% of the stock is currently owned by company insiders.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.