Algert Global LLC Acquires 247,684 Shares of Lindblad Expeditions $LIND

Algert Global LLC grew its holdings in Lindblad Expeditions (NASDAQ:LIND) by 82.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 548,856 shares of the company’s stock after buying an additional 247,684 shares during the quarter. Algert Global LLC’s holdings in Lindblad Expeditions were worth $7,025,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in shares of Lindblad Expeditions during the third quarter valued at about $35,000. Osaic Holdings Inc. lifted its holdings in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the period. Tower Research Capital LLC TRC boosted its position in Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares in the last quarter. CWM LLC boosted its position in Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after acquiring an additional 3,166 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Lindblad Expeditions by 579.1% during the 3rd quarter. Federated Hermes Inc. now owns 8,129 shares of the company’s stock worth $104,000 after acquiring an additional 6,932 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Stock Performance

LIND stock opened at $16.93 on Tuesday. The firm has a 50 day moving average price of $17.94 and a 200-day moving average price of $14.67. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $21.23. The firm has a market capitalization of $1.10 billion, a price-to-earnings ratio of -26.87 and a beta of 2.20.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The company had revenue of $183.18 million during the quarter, compared to the consensus estimate of $167.66 million. As a group, sell-side analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LIND. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Oppenheimer assumed coverage on Lindblad Expeditions in a research report on Monday. They set an “outperform” rating and a $25.00 price target on the stock. Citigroup initiated coverage on Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating on the stock. Stifel Nicolaus increased their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Benchmark raised their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Insider Buying and Selling

In related news, CEO Benjamin Bressler sold 41,000 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $18.08, for a total value of $741,280.00. Following the transaction, the chief executive officer owned 23,466 shares in the company, valued at $424,265.28. The trade was a 63.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $17.57, for a total transaction of $983,920.00. Following the completion of the transaction, the director owned 45,488 shares in the company, valued at approximately $799,224.16. The trade was a 55.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,846,119 shares of company stock valued at $30,929,291. 34.00% of the stock is owned by insiders.

About Lindblad Expeditions

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.