Select Equity Group L.P. Buys New Shares in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Select Equity Group L.P. bought a new stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,014,005 shares of the company’s stock, valued at approximately $19,165,000.

A number of other hedge funds have also recently added to or reduced their stakes in LIND. Atlas Private Wealth Advisors acquired a new position in Lindblad Expeditions in the first quarter valued at $30,000. Wealthcare Advisory Partners LLC bought a new position in shares of Lindblad Expeditions during the 1st quarter worth about $129,000. JPMorgan Chase & Co. boosted its position in shares of Lindblad Expeditions by 15.7% during the 4th quarter. JPMorgan Chase & Co. now owns 12,239 shares of the company’s stock worth $209,000 after purchasing an additional 1,657 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Lindblad Expeditions during the 1st quarter worth about $220,000. Finally, Jane Street Group LLC bought a new position in shares of Lindblad Expeditions during the 4th quarter worth about $221,000. Institutional investors and hedge funds own 58.67% of the company’s stock.

Shares of LIND traded down $0.27 on Thursday, reaching $13.57. The company’s stock had a trading volume of 154 shares, compared to its average volume of 349,647. The company has a debt-to-equity ratio of 113.58, a current ratio of 1.16 and a quick ratio of 1.15. Lindblad Expeditions Holdings, Inc. has a twelve month low of $6.85 and a twelve month high of $21.91. The company has a fifty day moving average of $15.92.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, April 29th. The company reported ($0.66) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.55) by ($0.11). The company had revenue of $1.78 million for the quarter, compared to the consensus estimate of $0.50 million. As a group, analysts expect that Lindblad Expeditions Holdings, Inc. will post -1.63 EPS for the current year.

A number of equities analysts have recently issued reports on LIND shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lindblad Expeditions from $14.00 to $16.00 and gave the stock a “hold” rating in a research report on Monday, May 3rd. They noted that the move was a valuation call. Zacks Investment Research cut shares of Lindblad Expeditions from a “hold” rating to a “sell” rating in a research report on Wednesday.

In other Lindblad Expeditions news, Director Jr. Thomas S. Smith sold 55,124 shares of the stock in a transaction dated Thursday, June 3rd. The shares were sold at an average price of $17.34, for a total value of $955,850.16. Following the completion of the sale, the director now owns 223,192 shares in the company, valued at approximately $3,870,149.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director L. Dyson Dryden sold 11,569 shares of the stock in a transaction dated Thursday, July 1st. The shares were sold at an average price of $16.53, for a total transaction of $191,235.57. The disclosure for this sale can be found here. Insiders sold a total of 135,554 shares of company stock worth $2,289,187 in the last 90 days. 39.20% of the stock is currently owned by company insiders.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel experiences. The company delivers voyages through a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand, as well as offers bike tours.

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Institutional Ownership by Quarter for Lindblad Expeditions (NASDAQ:LIND)

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