29,428 Shares of Lindblad Expeditions $LIND Bought by Tectonic Advisors LLC

Tectonic Advisors LLC bought a new position in shares of Lindblad Expeditions (NASDAQ:LIND) in the third quarter, according to the company in its most recent filing with the SEC. The firm bought 29,428 shares of the company’s stock, valued at approximately $925,000.

A number of other hedge funds have also made changes to their positions in LIND. GAMMA Investing LLC boosted its position in Lindblad Expeditions by 35.3% in the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after buying an additional 326 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Lindblad Expeditions by 20.5% during the third quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock worth $103,000 after buying an additional 562 shares during the last quarter. Allworth Financial LP grew its stake in Lindblad Expeditions by 168.8% during the second quarter. Allworth Financial LP now owns 1,363 shares of the company’s stock worth $38,000 after buying an additional 856 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in Lindblad Expeditions during the second quarter worth about $25,000. Finally, Sterling Capital Management LLC increased its holdings in shares of Lindblad Expeditions by 846.0% during the third quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock worth $52,000 after buying an additional 1,489 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analysts Set New Price Targets

LIND has been the subject of a number of research analyst reports. Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a report on Monday, June 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $30.00 price target on shares of Lindblad Expeditions in a research report on Thursday, September 17th. Finally, Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 97,470 shares of the company’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $36.23, for a total transaction of $3,531,338.10. Following the transaction, the director owned 10,351,502 shares of the company’s stock, valued at approximately $375,034,917.46. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 403,674 shares of company stock valued at $14,251,844. Insiders own 26.10% of the company’s stock.

Lindblad Expeditions Trading Down 2.9%

Shares of LIND stock opened at $34.24 on Friday. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $36.97. The firm’s 50 day moving average is $30.76 and its 200-day moving average is $26.49. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -90.11 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The business 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, equities research analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.