Rice Hall James & Associates LLC Invests $2.41 Million in Lindblad Expeditions $LIND

Rice Hall James & Associates LLC bought a new position in Lindblad Expeditions (NASDAQ:LIND) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 85,391 shares of the company’s stock, valued at approximately $2,411,000. Rice Hall James & Associates LLC owned approximately 0.13% of Lindblad Expeditions at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LIND. Bank of New York Mellon Corp acquired a new position in Lindblad Expeditions in the second quarter worth approximately $19,362,000. Millennium Management LLC increased its holdings in shares of Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after buying an additional 446,294 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Lindblad Expeditions by 44.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after acquiring an additional 393,359 shares during the last quarter. UBS Group AG lifted its position 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 valued at $12,017,000 after acquiring an additional 305,704 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake 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 acquiring an additional 291,776 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Lindblad Expeditions Trading Down 1.3%

Shares of LIND stock opened at $32.35 on Wednesday. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $35.00. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of -85.13 and a beta of 2.24. The stock’s fifty day simple moving average is $28.30 and its 200-day simple moving average is $22.44.

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

Insider Buying and Selling

In other Lindblad Expeditions news, insider Trey Byus sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were 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 $2,035,676.50. This represents a 8.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction 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 sale, the director directly owned 112,486 shares of the company’s stock, valued at $2,278,966.36. This trade represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 56,642 shares of company stock worth $1,321,803. 26.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft set a $29.00 price target on Lindblad Expeditions in a research report on Thursday, August 6th. Benchmark lifted their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a report on Tuesday, August 4th. Finally, Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.20.

Lindblad Expeditions 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.