288,339 Shares in Lindblad Expeditions $LIND Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Lindblad Expeditions (NASDAQ:LIND) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 288,339 shares of the company’s stock, valued at approximately $8,143,000.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Lindblad Expeditions in the second quarter worth $2,033,000. Ieq Capital LLC bought a new position in shares of Lindblad Expeditions in the second quarter valued at about $203,000. Allworth Financial LP bought a new position in shares of Lindblad Expeditions in the second quarter valued at about $38,000. Greenspring Advisors LLC acquired a new position in Lindblad Expeditions during the 2nd quarter worth about $205,000. Finally, Silvant Capital Management LLC acquired a new stake in Lindblad Expeditions in the 2nd quarter valued at about $58,000. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $31.19 on Thursday. The company has a 50 day moving average price of $29.27 and a two-hundred day moving average price of $23.03. The company has a market capitalization of $2.05 billion, a PE ratio of -82.08 and a beta of 2.24. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $35.00.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. The company had revenue of $199.25 million during 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, sell-side analysts forecast that Lindblad Expeditions will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Benchmark upped their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft set a $29.00 target price on Lindblad Expeditions in a research report on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $31.20.

Insider Activity

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.10% of the stock is owned by company insiders.

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.