Jackson Creek Investment Advisors LLC Makes New Investment in Lindblad Expeditions $LIND

Jackson Creek Investment Advisors LLC acquired a new position in Lindblad Expeditions (NASDAQ:LIND) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 34,667 shares of the company’s stock, valued at approximately $500,000. Jackson Creek Investment Advisors LLC owned 0.06% of Lindblad Expeditions at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted 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 worth $29,853,000 after purchasing an additional 29,642 shares during the period. Anchor Capital Management Company LLC boosted its holdings in Lindblad Expeditions by 7.4% in the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after purchasing an additional 131,203 shares during the period. Black Diamond Financial LLC boosted its holdings in Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after purchasing an additional 127,950 shares during the period. Penn Capital Management Company LLC boosted its holdings in Lindblad Expeditions by 1.7% in the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after purchasing an additional 16,418 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Lindblad Expeditions by 4.5% during the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after acquiring an additional 41,750 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Activity at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.26, for a total transaction of $40,520.00. Following the sale, the director directly owned 112,486 shares in the company, valued at $2,278,966.36. The trade was a 1.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jr. Thomas S. Smith sold 56,000 shares of Lindblad Expeditions stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $17.57, for a total transaction of $983,920.00. Following the sale, the director owned 45,488 shares in the company, valued at approximately $799,224.16. This represents a 55.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 107,728 shares of company stock worth $2,006,329 over the last ninety days. 26.10% of the stock is currently owned by corporate insiders.

Lindblad Expeditions Stock Performance

Shares of LIND opened at $22.57 on Thursday. Lindblad Expeditions has a 1 year low of $10.28 and a 1 year high of $22.69. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -41.80 and a beta of 2.21. The firm has a fifty day moving average of $18.90 and a 200-day moving average of $16.82.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. Analysts predict that Lindblad Expeditions will post 0.09 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Oppenheimer assumed coverage on shares of Lindblad Expeditions in a report on Monday, March 16th. They set an “outperform” rating and a $25.00 price target for the company. Finally, Benchmark boosted 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. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $24.33.

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.