Lindblad Expeditions $LIND Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC cut its position in shares of Lindblad Expeditions (NASDAQ:LIND) by 35.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,882 shares of the company’s stock after selling 43,564 shares during the period. Wedge Capital Management L L P NC owned 0.12% of Lindblad Expeditions worth $2,228,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of 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 buying an additional 4,921 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 buying an additional 1,037 shares in the last quarter. Creative Planning acquired a new position in shares of Lindblad Expeditions during the 2nd quarter worth approximately $174,000. JPMorgan Chase & Co. boosted its stake in Lindblad Expeditions by 78.9% during the second quarter. JPMorgan Chase & Co. now owns 311,363 shares of the company’s stock worth $3,634,000 after buying an additional 137,312 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Lindblad Expeditions by 8.1% during the 2nd quarter. Rhumbline Advisers now owns 55,012 shares of the company’s stock valued at $642,000 after acquiring an additional 4,114 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Insider Activity

In other news, insider Trey Byus sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $20.05, for a total transaction of $200,500.00. Following the transaction, the insider directly owned 101,530 shares in the company, valued at $2,035,676.50. The trade was a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the sale, the director directly owned 112,486 shares in the company, valued at $2,278,966.36. This represents a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 56,642 shares of company stock valued at $1,321,803 over the last quarter. Corporate insiders own 26.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LIND. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research note on Tuesday, August 4th. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a report on Monday, June 29th. Finally, Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Hold” and a consensus price target of $31.20.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND opened at $34.48 on Friday. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $34.95. The firm has a fifty day moving average price of $27.63 and a 200 day moving average price of $22.08. The stock has a market cap of $2.26 billion, a P/E ratio of -90.74 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 (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%.The firm had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $185.86 million. Sell-side analysts expect that Lindblad Expeditions will post 0.17 EPS for the current fiscal year.

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.