Black Diamond Financial LLC Grows Position in Lindblad Expeditions $LIND

Black Diamond Financial LLC grew its position in Lindblad Expeditions (NASDAQ:LIND) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,068,362 shares of the company’s stock after acquiring an additional 127,950 shares during the quarter. Lindblad Expeditions accounts for 1.5% of Black Diamond Financial LLC’s portfolio, making the stock its 20th biggest holding. Black Diamond Financial LLC owned approximately 1.95% of Lindblad Expeditions worth $13,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Anchor Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 8.2% in the second quarter. Anchor Capital Management Company LLC now owns 1,779,903 shares of the company’s stock valued at $20,771,000 after purchasing an additional 135,000 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Lindblad Expeditions by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 899,844 shares of the company’s stock worth $10,503,000 after buying an additional 18,638 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Lindblad Expeditions by 108.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock worth $6,920,000 after buying an additional 308,463 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Lindblad Expeditions by 8.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 578,809 shares of the company’s stock worth $6,755,000 after buying an additional 46,284 shares during the last quarter. Finally, Marshall Wace LLP raised its position in shares of Lindblad Expeditions by 62.1% during the 2nd quarter. Marshall Wace LLP now owns 568,241 shares of the company’s stock valued at $6,631,000 after buying an additional 217,638 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Stock Up 3.0%

LIND opened at $17.98 on Thursday. The business has a fifty day moving average of $14.76 and a 200 day moving average of $13.47. The stock has a market cap of $996.09 million, a P/E ratio of -27.24 and a beta of 2.27. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $18.09.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The business had revenue of $240.17 million during the quarter, compared to analysts’ expectations of $229.68 million. Equities analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LIND has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Citigroup initiated coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating on the stock. Stifel Nicolaus raised their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Insider Transactions at Lindblad Expeditions

In related news, CEO Benjamin Bressler sold 222,386 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $16.08, for a total value of $3,575,966.88. Following the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at $377,333.28. This trade represents a 90.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sven-Olof Lindblad sold 233,505 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the completion of the sale, the director directly owned 10,939,274 shares of the company’s stock, valued at approximately $188,921,261.98. This trade represents a 2.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,531,960 shares of company stock worth $25,301,535. Company insiders own 34.00% of the company’s stock.

Lindblad Expeditions Company 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.