Lindblad Expeditions $LIND Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Lindblad Expeditions (NASDAQ:LIND) by 18.6% in the third quarter, HoldingsChannel.com reports. The fund owned 369,337 shares of the company’s stock after buying an additional 57,974 shares during the period. JPMorgan Chase & Co.’s holdings in Lindblad Expeditions were worth $4,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in Lindblad Expeditions by 44.4% during the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after purchasing an additional 4,921 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lindblad Expeditions by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after purchasing an additional 1,037 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Lindblad Expeditions by 2.1% during the second quarter. Geode Capital Management LLC now owns 899,844 shares of the company’s stock worth $10,503,000 after purchasing an additional 18,638 shares during the period. Creative Planning purchased a new stake in Lindblad Expeditions in the second quarter valued at approximately $174,000. Finally, Rhumbline Advisers boosted its position in Lindblad Expeditions by 8.1% in the second quarter. Rhumbline Advisers now owns 55,012 shares of the company’s stock valued at $642,000 after buying an additional 4,114 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Buying and Selling

In other news, Director Sven-Olof Lindblad sold 233,505 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $17.27, for a total value of $4,032,631.35. Following the transaction, the director owned 10,939,274 shares in the company, valued at $188,921,261.98. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $16.08, for a total value of $3,575,966.88. Following the completion of the sale, the chief executive officer directly owned 23,466 shares in the company, valued at $377,333.28. This represents a 90.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,829,996 shares of company stock valued at $30,687,123 in the last three months. Insiders own 34.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on LIND shares. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Stifel Nicolaus upped their price objective on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Citigroup started coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating on the stock. Benchmark raised their target price on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Finally, Oppenheimer assumed coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price for the company. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Lindblad Expeditions Stock Down 3.6%

LIND stock opened at $17.06 on Friday. Lindblad Expeditions has a 52 week low of $7.45 and a 52 week high of $21.23. The firm has a 50-day simple moving average of $18.37 and a 200-day simple moving average of $14.99. The stock has a market capitalization of $1.11 billion, a P/E ratio of -27.08 and a beta of 2.25.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.13). The company had revenue of $183.18 million for the quarter, compared to analysts’ expectations of $167.66 million. On average, analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current year.

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.