Granahan Investment Management LLC Increases Stake in Lindblad Expeditions $LIND

Granahan Investment Management LLC lifted its holdings in shares of Lindblad Expeditions (NASDAQ:LIND) by 11.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 385,383 shares of the company’s stock after purchasing an additional 39,809 shares during the period. Granahan Investment Management LLC’s holdings in Lindblad Expeditions were worth $6,667,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in LIND. Osaic Holdings Inc. raised 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 worth $41,000 after purchasing an additional 1,322 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Lindblad Expeditions during the fourth quarter valued at about $57,000. Royal Bank of Canada boosted its position in Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after buying an additional 2,515 shares during the period. Tower Research Capital LLC TRC boosted its position in Lindblad Expeditions by 222.1% during 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 period. Finally, Assetmark Inc. grew its stake in shares of Lindblad Expeditions by 77.0% during the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after buying an additional 2,373 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Insider Transactions at Lindblad Expeditions

In other news, insider Trey Byus sold 10,000 shares of the firm’s stock in a transaction dated 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 directly owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction dated 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 sale, the director directly owned 25,872 shares in the company, valued at $626,361.12. The trade was a 63.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, 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 Stock Down 0.7%

Shares of Lindblad Expeditions stock opened at $26.85 on Friday. The business has a 50 day moving average of $24.56 and a 200 day moving average of $20.44. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $30.00. The company has a market cap of $1.76 billion, a PE ratio of -49.72 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. On average, research analysts anticipate that Lindblad Expeditions will post 0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LIND shares. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Stifel Nicolaus increased their target price on Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Friday, July 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Capital One Financial set a $31.00 price target on Lindblad Expeditions in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.20.

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.