Lindblad Expeditions $LIND Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in shares of Lindblad Expeditions (NASDAQ:LIND) by 112.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,749 shares of the company’s stock after buying an additional 28,505 shares during the period. Hsbc Holdings PLC’s holdings in Lindblad Expeditions were worth $775,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Osaic Holdings Inc. increased its position 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 acquiring an additional 1,322 shares during the period. Tower Research Capital LLC TRC lifted its position in Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after acquiring an additional 3,311 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Lindblad Expeditions during the 4th quarter worth about $57,000. Royal Bank of Canada grew its stake in Lindblad Expeditions by 127.1% during the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Lindblad Expeditions during the 4th quarter valued at about $136,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Benchmark raised their price objective 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 lifted their target price on Lindblad Expeditions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Finally, Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average price target of $30.50.

Lindblad Expeditions Stock Down 1.2%

Shares of LIND stock opened at $26.18 on Wednesday. The stock has a market cap of $1.72 billion, a PE ratio of -48.48 and a beta of 2.22. The business has a 50-day simple moving average of $23.36 and a 200-day simple moving average of $19.75. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $30.00.

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

Insider Buying and Selling at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $20.04, for a total transaction of $70,140.00. Following the sale, the director owned 119,486 shares of the company’s stock, valued at $2,394,499.44. This trade represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the director directly owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 88,602 shares of company stock valued at $1,966,009. 26.10% of the stock is owned by company insiders.

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.