Lindblad Expeditions $LIND Stake Boosted by Aristides Capital LLC

Aristides Capital LLC boosted its stake in shares of Lindblad Expeditions (NASDAQ:LIND) by 126.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,228 shares of the company’s stock after buying an additional 33,048 shares during the period. Aristides Capital LLC’s holdings in Lindblad Expeditions were worth $1,025,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after buying an additional 393,359 shares during the period. Sei Investments Co. raised its holdings in shares of Lindblad Expeditions by 93.2% during the first quarter. Sei Investments Co. now owns 109,907 shares of the company’s stock valued at $1,901,000 after acquiring an additional 53,029 shares during the period. Militia Capital Management LLC purchased a new stake in shares of Lindblad Expeditions in the 1st quarter valued at approximately $1,643,000. Dimensional Fund Advisors LP boosted its stake in Lindblad Expeditions by 59.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after purchasing an additional 291,776 shares during the period. Finally, ANB Bank acquired a new position in Lindblad Expeditions in the 1st quarter worth approximately $272,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Stock Down 2.7%

Lindblad Expeditions stock opened at $27.04 on Friday. Lindblad Expeditions has a 12 month low of $11.37 and a 12 month high of $30.00. The stock has a market cap of $1.77 billion, a P/E ratio of -50.07 and a beta of 2.22. The company’s fifty day simple moving average is $24.39 and its 200-day simple moving average is $20.39.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million for the quarter, compared to analysts’ expectations of $197.24 million. On average, equities research analysts expect that Lindblad Expeditions will post 0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on LIND. Benchmark boosted their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Stifel Nicolaus raised their price objective on Lindblad Expeditions from $27.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Insider Activity

In other Lindblad Expeditions news, insider Trey Byus sold 26,460 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $20.23, for a total transaction of $535,285.80. Following the completion of the sale, the insider owned 111,530 shares of the company’s stock, valued at $2,256,251.90. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John M. Fahey, Jr. sold 3,500 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.04, for a total transaction of $70,140.00. Following the sale, the director owned 119,486 shares of the company’s stock, valued at $2,394,499.44. This trade represents a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 88,602 shares of company stock valued at $1,966,009. Insiders own 26.10% of the company’s stock.

Lindblad Expeditions Company 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.