Rice Hall James & Associates LLC Reduces Position in Lindblad Expeditions $LIND

Rice Hall James & Associates LLC lessened its holdings in shares of Lindblad Expeditions (NASDAQ:LIND) by 31.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,882 shares of the company’s stock after selling 76,059 shares during the quarter. Rice Hall James & Associates LLC owned about 0.30% of Lindblad Expeditions worth $2,123,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Harbor Capital Advisors Inc. bought a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at $1,405,000. Vanguard Group Inc. grew its holdings in Lindblad Expeditions by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company’s stock valued at $21,050,000 after buying an additional 55,003 shares in the last quarter. Anchor Capital Management Company LLC increased its position in shares of Lindblad Expeditions by 7.6% during the first quarter. Anchor Capital Management Company LLC now owns 1,644,903 shares of the company’s stock valued at $15,248,000 after buying an additional 115,814 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Lindblad Expeditions by 8.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 578,809 shares of the company’s stock valued at $6,755,000 after buying an additional 46,284 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in shares of Lindblad Expeditions by 30.6% in the first quarter. Panagora Asset Management Inc. now owns 160,232 shares of the company’s stock valued at $1,485,000 after acquiring an additional 37,512 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Insider Buying and Selling

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $15.02, for a total transaction of $242,167.46. Following the transaction, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at approximately $352,459.32. This trade represents a 40.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 34.00% of the stock is owned by insiders.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND opened at $14.44 on Friday. The company’s fifty day moving average price is $12.64 and its 200-day moving average price is $12.70. The firm has a market capitalization of $799.98 million, a price-to-earnings ratio of -21.88 and a beta of 2.36. Lindblad Expeditions has a one year low of $7.45 and a one year high of $15.06.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $240.17 million for the quarter, compared to analysts’ expectations of $229.68 million. As a group, equities research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current year.

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.