Connor Clark & Lunn Investment Management Ltd. Raises Stock Holdings in Lindblad Expeditions (NASDAQ:LIND)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Lindblad Expeditions (NASDAQ:LIND) by 6.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 532,525 shares of the company’s stock after purchasing an additional 32,652 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.97% of Lindblad Expeditions worth $4,937,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Lindblad Expeditions by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company’s stock worth $21,050,000 after purchasing an additional 55,003 shares in the last quarter. Anchor Capital Management Company LLC boosted its stake in Lindblad Expeditions by 6.9% in the fourth quarter. Anchor Capital Management Company LLC now owns 1,529,089 shares of the company’s stock worth $18,135,000 after buying an additional 98,514 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in Lindblad Expeditions by 29.6% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 739,108 shares of the company’s stock worth $8,766,000 after buying an additional 168,958 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Lindblad Expeditions by 106.9% in the first quarter. New York State Common Retirement Fund now owns 684,851 shares of the company’s stock worth $6,349,000 after buying an additional 353,817 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Lindblad Expeditions by 59.4% in the fourth quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company’s stock worth $6,099,000 after buying an additional 191,546 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

LIND has been the subject of several research reports. Craig Hallum set a $16.00 target price on Lindblad Expeditions and gave the stock a “buy” rating in a research note on Friday, May 23rd. Stifel Nicolaus set a $18.00 target price on Lindblad Expeditions and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd.

Insider Buying and Selling at Lindblad Expeditions

In other news, CEO Benjamin Bressler sold 167,494 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $13.05, for a total transaction of $2,185,796.70. Following the completion of the sale, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $306,231.30. This represents a 87.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 222,386 shares of company stock worth $2,900,718 over the last ninety days. Corporate insiders own 34.00% of the company’s stock.

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $13.32 on Wednesday. The firm has a market cap of $729.80 million, a PE ratio of -44.40 and a beta of 2.71. Lindblad Expeditions has a fifty-two week low of $6.99 and a fifty-two week high of $14.34. The business has a 50 day moving average price of $12.02 and a 200-day moving average price of $10.92.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.11. The company had revenue of $167.95 million for the quarter, compared to analysts’ expectations of $158.97 million. Research analysts predict that Lindblad Expeditions will post -0.43 EPS for the current year.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.