Panagora Asset Management Inc. Increases Stake in Lindblad Expeditions Holdings Inc (NASDAQ:LIND)

Panagora Asset Management Inc. grew its stake in Lindblad Expeditions Holdings Inc (NASDAQ:LIND) by 120.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 75,245 shares of the company’s stock after buying an additional 41,068 shares during the quarter. Panagora Asset Management Inc. owned 0.15% of Lindblad Expeditions worth $1,351,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Allianz Asset Management GmbH purchased a new position in Lindblad Expeditions in the second quarter valued at $254,000. Carillon Tower Advisers Inc. raised its position in shares of Lindblad Expeditions by 2.1% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 193,705 shares of the company’s stock worth $3,477,000 after acquiring an additional 3,925 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of Lindblad Expeditions during the 2nd quarter worth about $279,000. Congress Asset Management Co. MA acquired a new stake in Lindblad Expeditions during the second quarter worth approximately $3,629,000. Finally, Brasada Capital Management LP raised its holdings in Lindblad Expeditions by 54.8% during the second quarter. Brasada Capital Management LP now owns 123,814 shares of the company’s stock worth $2,180,000 after purchasing an additional 43,842 shares in the last quarter. 55.67% of the stock is owned by institutional investors and hedge funds.

In related news, Director L. Dyson Dryden sold 10,871 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $18.66, for a total transaction of $202,852.86. Following the sale, the director now owns 1,397,230 shares of the company’s stock, valued at $26,072,311.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Trey Byus sold 30,526 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $17.33, for a total transaction of $529,015.58. Following the transaction, the insider now owns 138,321 shares in the company, valued at $2,397,102.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 192,680 shares of company stock worth $3,549,055. Insiders own 50.20% of the company’s stock.

Lindblad Expeditions stock traded down $0.61 during mid-day trading on Wednesday, reaching $17.49. 4,815 shares of the company were exchanged, compared to its average volume of 145,646. The firm’s 50-day simple moving average is $18.62 and its two-hundred day simple moving average is $16.83. Lindblad Expeditions Holdings Inc has a twelve month low of $11.98 and a twelve month high of $19.29. The firm has a market cap of $911.66 million, a PE ratio of 73.35 and a beta of 0.18. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.83 and a current ratio of 0.84.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.03). Lindblad Expeditions had a return on equity of 12.98% and a net margin of 4.96%. The company had revenue of $76.66 million for the quarter, compared to analysts’ expectations of $79.58 million. As a group, equities research analysts anticipate that Lindblad Expeditions Holdings Inc will post 0.51 EPS for the current year.

Several research analysts have recently issued reports on LIND shares. Zacks Investment Research cut shares of Lindblad Expeditions from a “buy” rating to a “sell” rating in a report on Wednesday, August 7th. Sidoti lowered shares of Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research note on Tuesday, July 2nd. BidaskClub cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday. Imperial Capital reissued an “outperform” rating and issued a $22.00 price target (up from $21.00) on shares of Lindblad Expeditions in a research report on Tuesday, August 6th. Finally, Deutsche Bank restated a “hold” rating and issued a $15.00 price objective on shares of Lindblad Expeditions in a research note on Sunday, August 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Lindblad Expeditions presently has an average rating of “Hold” and a consensus price target of $18.40.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight 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.

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

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