Anchor Capital Management Company LLC Has $17 Million Holdings in Lindblad Expeditions $LIND

Anchor Capital Management Company LLC lessened its holdings in shares of Lindblad Expeditions (NASDAQ:LIND) by 48.6% during the 1st quarter, Holdings Channel reports. The firm owned 982,348 shares of the company’s stock after selling 928,758 shares during the period. Lindblad Expeditions comprises about 18.3% of Anchor Capital Management Company LLC’s portfolio, making the stock its 3rd biggest holding. Anchor Capital Management Company LLC’s holdings in Lindblad Expeditions were worth $16,995,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its holdings in shares of 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 in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Lindblad Expeditions during the fourth quarter valued at $57,000. Royal Bank of Canada increased its holdings in Lindblad Expeditions by 127.1% in the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after acquiring an additional 2,515 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Lindblad Expeditions by 222.1% in 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 during the last quarter. Finally, Assetmark Inc. lifted its stake in Lindblad Expeditions by 77.0% in the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock worth $94,000 after purchasing an additional 2,373 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Insider Activity

In related news, insider Trey Byus sold 10,000 shares of the stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $20.05, for a total transaction of $200,500.00. Following the sale, the insider owned 101,530 shares in the company, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. This represents a 63.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 88,602 shares of company stock valued at $1,966,009 in the last ninety days. Insiders own 26.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LIND. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a research report on Monday, June 29th. Benchmark boosted their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $24.00 price target on shares of Lindblad Expeditions in a research note on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Finally, Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.20.

Lindblad Expeditions Stock Down 0.7%

Shares of NASDAQ:LIND opened at $26.85 on Friday. The firm has a fifty day simple moving average of $24.56 and a two-hundred day simple moving average of $20.44. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $30.00. The stock has a market capitalization of $1.76 billion, a P/E ratio of -49.72 and a beta of 2.22.

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

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.