Tudor Investment Corp ET AL Increases Stake in Lindblad Expeditions $LIND

Tudor Investment Corp ET AL lifted its stake in shares of Lindblad Expeditions (NASDAQ:LIND) by 15.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 302,576 shares of the company’s stock after acquiring an additional 40,628 shares during the period. Tudor Investment Corp ET AL’s holdings in Lindblad Expeditions were worth $3,873,000 at the end of the most recent quarter.

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

Insider Activity at Lindblad Expeditions

In related news, Director Jr. Thomas S. Smith sold 56,000 shares of Lindblad Expeditions stock in a transaction on Monday, March 9th. The shares were sold at an average price of $17.57, for a total value of $983,920.00. Following the completion of the sale, the director owned 45,488 shares in the company, valued at approximately $799,224.16. The trade was a 55.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Benjamin Bressler sold 41,000 shares of Lindblad Expeditions stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $18.08, for a total transaction of $741,280.00. Following the completion of the sale, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $424,265.28. This trade represents a 63.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,730,929 shares of company stock worth $29,197,850 in the last ninety days. 34.00% of the stock is currently owned by corporate insiders.

Lindblad Expeditions Stock Up 0.7%

Shares of NASDAQ:LIND opened at $19.02 on Friday. Lindblad Expeditions has a 52-week low of $7.76 and a 52-week high of $21.23. The company has a 50 day moving average of $18.53 and a two-hundred day moving average of $15.16. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -30.19 and a beta of 2.25.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The business had revenue of $183.18 million for the quarter, compared to the consensus estimate of $167.66 million. On average, equities analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LIND has been the topic of several research reports. Benchmark raised their price target on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a report on Friday, February 27th. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target on the stock. Citigroup initiated coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, January 22nd. Finally, Stifel Nicolaus raised their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Lindblad Expeditions 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.