PDT Partners LLC Makes New Investment in Lindblad Expeditions $LIND

PDT Partners LLC purchased a new stake in Lindblad Expeditions (NASDAQ:LIND) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 30,219 shares of the company’s stock, valued at approximately $853,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Lindblad Expeditions during the second quarter worth about $122,583,000. Vanguard Group Inc. raised its holdings in Lindblad Expeditions by 1.3% in the third quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after acquiring an additional 29,642 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Lindblad Expeditions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after acquiring an additional 46,955 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after acquiring an additional 393,359 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Lindblad Expeditions by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 908,796 shares of the company’s stock worth $13,107,000 after acquiring an additional 5,553 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Trading Down 3.6%

LIND stock opened at $30.06 on Friday. The stock has a market cap of $1.97 billion, a P/E ratio of -79.11 and a beta of 2.24. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $35.00. The company’s 50 day moving average is $29.36 and its two-hundred day moving average is $23.10.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. The business had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. On average, equities research analysts predict that Lindblad Expeditions will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the transaction, the director owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 26.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research note on Monday, June 29th. Benchmark increased their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.20.

Lindblad Expeditions Company 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.