Great Lakes Advisors LLC Makes New $2.06 Million Investment in Lindblad Expeditions $LIND

Great Lakes Advisors LLC purchased a new stake in Lindblad Expeditions (NASDAQ:LIND) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 72,842 shares of the company’s stock, valued at approximately $2,057,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Lindblad Expeditions in the second quarter valued at $122,583,000. Deutsche Bank AG acquired a new position in Lindblad Expeditions during the 2nd quarter worth $1,467,000. Rice Hall James & Associates LLC acquired a new position in Lindblad Expeditions during the 2nd quarter worth $2,411,000. Bank of New York Mellon Corp purchased a new stake in Lindblad Expeditions during the 2nd quarter worth about $19,362,000. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in Lindblad Expeditions during the 2nd quarter worth about $283,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research note on Monday, June 29th. Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Stifel Nicolaus set a $37.00 price target on shares of Lindblad Expeditions in a research note on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft set a $29.00 price target on shares of Lindblad Expeditions in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $31.20.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $31.09 on Friday. The business has a 50-day moving average of $28.81 and a two-hundred day moving average of $22.71. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -81.82 and a beta of 2.24. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $35.00.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. As a group, equities research analysts expect that Lindblad Expeditions will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction that occurred on 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 transaction, the director directly owned 25,872 shares of the company’s stock, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.10% of the stock is currently owned by insiders.

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.