Calamos Advisors LLC Takes Position in Lindblad Expeditions $LIND

Calamos Advisors LLC bought a new stake in Lindblad Expeditions (NASDAQ:LIND) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 86,973 shares of the company’s stock, valued at approximately $1,505,000.

A number of other hedge funds also recently modified their holdings of LIND. Osaic Holdings Inc. lifted its position in Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of 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 last quarter. Kemnay Advisory Services Inc. acquired a new stake in Lindblad Expeditions during the 4th quarter valued at $57,000. Royal Bank of Canada boosted its holdings in shares of Lindblad Expeditions by 127.1% during the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after buying an additional 2,515 shares during the period. Finally, State of Wyoming bought a new stake in shares of Lindblad Expeditions during the fourth quarter worth approximately $136,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Trading Up 0.1%

LIND opened at $26.20 on Thursday. The company has a market capitalization of $1.72 billion, a PE ratio of -48.52 and a beta of 2.22. The firm’s 50 day simple moving average is $23.45 and its two-hundred day simple moving average is $19.83. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analysts’ expectations of $197.24 million. Equities analysts forecast that Lindblad Expeditions will post 0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LIND has been the subject of several analyst reports. Benchmark lifted their price objective on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Stifel Nicolaus upped their price target on shares of Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares in the company, valued at approximately $626,361.12. The trade was a 63.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Trey Byus sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.05, for a total value of $200,500.00. Following the completion of the sale, the insider owned 101,530 shares in the company, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 88,602 shares of company stock valued at $1,966,009. Company insiders own 26.10% of the company’s stock.

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.