VIRGINIA RETIREMENT SYSTEMS ET Al Invests $1.27 Million in Lindblad Expeditions $LIND

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Lindblad Expeditions (NASDAQ:LIND) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 44,900 shares of the company’s stock, valued at approximately $1,268,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.07% of Lindblad Expeditions at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LIND. Allworth Financial LP purchased a new position in Lindblad Expeditions during the 2nd quarter valued at about $38,000. Osaic Holdings Inc. increased its holdings in shares of 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 purchasing an additional 1,322 shares during the period. 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 worth $56,000 after purchasing an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Lindblad Expeditions in the fourth quarter worth approximately $57,000. Finally, Silvant Capital Management LLC acquired a new stake in shares of Lindblad Expeditions during the second quarter worth approximately $58,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LIND. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Benchmark upped their price target 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. Finally, Deutsche Bank Aktiengesellschaft set a $29.00 price target on shares of Lindblad Expeditions in a research note on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Hold” and an average price target of $30.83.

Insider Activity at Lindblad Expeditions

In other news, Director Michael Bisnow sold 44,642 shares of the stock in a transaction 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 transaction, the director owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 26.10% of the stock is currently owned by company insiders.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $25.67 on Friday. The business has a 50 day simple moving average of $29.15 and a 200 day simple moving average of $23.53. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $35.00. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -67.55 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data 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 firm had revenue of $199.25 million for the quarter, compared to analyst estimates 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, analysts predict that Lindblad Expeditions will post 0.17 EPS for the current year.

Lindblad Expeditions Profile

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.