Arrowstreet Capital Limited Partnership Increases Position in Lindblad Expeditions $LIND

Arrowstreet Capital Limited Partnership lifted its position in Lindblad Expeditions (NASDAQ:LIND) by 44.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,272,909 shares of the company’s stock after buying an additional 393,359 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Lindblad Expeditions were worth $22,021,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LIND. AQR Capital Management LLC grew its position in Lindblad Expeditions by 44.4% in the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after acquiring an additional 4,921 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Lindblad Expeditions by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after purchasing an additional 1,037 shares during the period. Creative Planning acquired a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $174,000. JPMorgan Chase & Co. increased its stake in Lindblad Expeditions by 78.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 311,363 shares of the company’s stock worth $3,634,000 after buying an additional 137,312 shares during the period. Finally, Rhumbline Advisers increased its stake in Lindblad Expeditions by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 55,012 shares of the company’s stock worth $642,000 after buying an additional 4,114 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindblad Expeditions Stock Up 0.0%

NASDAQ LIND opened at $29.75 on Thursday. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $30.44. The stock has a market capitalization of $1.95 billion, a PE ratio of -55.09 and a beta of 2.22. The firm has a 50 day moving average of $25.17 and a two-hundred day moving average of $20.79.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. On average, equities research analysts expect that Lindblad Expeditions will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Trey Byus sold 26,460 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $20.23, for a total value of $535,285.80. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John M. Fahey, Jr. sold 3,500 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $20.04, for a total value of $70,140.00. Following the completion of the sale, the director owned 119,486 shares in the company, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 88,602 shares of company stock worth $1,966,009. Corporate insiders own 26.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Benchmark increased their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $24.00 price target on shares of Lindblad Expeditions in a report on Friday, July 24th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.20.

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.