Sei Investments Co. Has $1.90 Million Position in Lindblad Expeditions $LIND

Sei Investments Co. increased its holdings in shares of Lindblad Expeditions (NASDAQ:LIND) by 93.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 109,907 shares of the company’s stock after purchasing an additional 53,029 shares during the period. Sei Investments Co. owned 0.17% of Lindblad Expeditions worth $1,901,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in Lindblad Expeditions by 115.1% during the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after purchasing an additional 446,294 shares during the period. UBS Group AG lifted its stake in shares of Lindblad Expeditions by 57.9% during the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after buying an additional 305,704 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Lindblad Expeditions by 59.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after buying an additional 291,776 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Lindblad Expeditions by 76.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 604,437 shares of the company’s stock worth $8,716,000 after buying an additional 262,408 shares during the period. Finally, Marshall Wace LLP grew its stake in Lindblad Expeditions by 62.1% in the 2nd quarter. Marshall Wace LLP now owns 568,241 shares of the company’s stock valued at $6,631,000 after buying an additional 217,638 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $33.95 on Monday. The business has a fifty day moving average price of $26.73 and a two-hundred day moving average price of $21.59. The stock has a market capitalization of $2.23 billion, a PE ratio of -89.34 and a beta of 2.24. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $34.95.

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

Insiders Place Their Bets

In other news, Director Michael Elliott Bisnow sold 44,642 shares of the company’s 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 owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. This represents a 63.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total transaction of $40,520.00. Following the completion of the transaction, the director directly owned 112,486 shares in the company, valued at $2,278,966.36. This trade represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 58,642 shares of company stock worth $1,360,583 over the last ninety days. Corporate insiders own 26.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LIND shares. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $29.00 target price on Lindblad Expeditions in a research note on Thursday. Capital One Financial set a $31.00 price target on Lindblad Expeditions in a report on Monday, June 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Finally, Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.20.

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.