58,379 Lindblad Expeditions $LIND Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lessened its stake in shares of Lindblad Expeditions (NASDAQ:LIND) by 66.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,782 shares of the company’s stock after selling 58,379 shares during the period. Calamos Advisors LLC’s holdings in Lindblad Expeditions were worth $936,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LIND. Pinnacle Wealth Planning Services Inc. grew its position in shares of Lindblad Expeditions by 11.6% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 5,202 shares of the company’s stock valued at $163,000 after acquiring an additional 541 shares during the period. Tectonic Advisors LLC bought a new stake in Lindblad Expeditions in the 3rd quarter valued at about $925,000. Sterling Capital Management LLC grew its position in shares of Lindblad Expeditions by 846.0% during the 3rd quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock worth $52,000 after purchasing an additional 1,489 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Lindblad Expeditions by 8.0% during the third quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock worth $27,163,000 after purchasing an additional 64,185 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in shares of 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 purchasing an additional 562 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Trading Up 5.1%

Shares of NASDAQ:LIND opened at $35.70 on Tuesday. The firm has a 50 day moving average of $31.65 and a 200-day moving average of $24.94. The stock has a market capitalization of $2.34 billion, a PE ratio of -1,785.00 and a beta of 2.27. Lindblad Expeditions has a 12 month low of $11.37 and a 12 month high of $38.85.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, November 3rd. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $269.15 million during the quarter, compared to the consensus estimate of $263.54 million. Lindblad Expeditions had a net margin of 0.67% and a negative return on equity of 2.74%. On average, research analysts predict that Lindblad Expeditions will post 0.17 EPS for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 97,470 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $36.23, for a total transaction of $3,531,338.10. Following the completion of the transaction, the director directly owned 10,351,502 shares in the company, valued at $375,034,917.46. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 750,000 shares of company stock valued at $26,532,349 over the last quarter. Company insiders own 26.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LIND shares. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $30.00 target price on shares of Lindblad Expeditions in a research report on Thursday, September 17th. Stifel Nicolaus set a $43.00 target price on Lindblad Expeditions in a report on Wednesday, November 4th. Finally, Jefferies Financial Group raised their price target on Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $32.50.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc operates expedition cruises and nature-focused travel experiences through Lindblad Expeditions and its land-based travel business, Natural Habitat Adventures. Its trips emphasize wildlife, ecosystems and cultural exploration, with small ships and guided excursions designed to reach destinations that are less accessible to larger vessels.

The company’s itineraries include destinations such as Antarctica, the Arctic, the Galápagos Islands, Alaska and Baja California, as well as other regions around the world.