Tudor Investment Corp ET AL Grows Stake in Lindblad Expeditions $LIND

Tudor Investment Corp ET AL lifted its stake in Lindblad Expeditions (NASDAQ:LIND) by 15.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,576 shares of the company’s stock after purchasing an additional 40,628 shares during the quarter. Tudor Investment Corp ET AL owned 0.55% of Lindblad Expeditions worth $3,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Lindblad Expeditions by 495.8% during the 3rd quarter. SG Americas Securities LLC now owns 81,089 shares of the company’s stock valued at $1,038,000 after purchasing an additional 67,480 shares in the last quarter. Black Diamond Financial LLC lifted its stake in shares of Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after buying an additional 127,950 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Lindblad Expeditions by 108.4% in the second 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. Anchor Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 7.4% during the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after buying an additional 131,203 shares during the last quarter. Finally, Pier Capital LLC purchased a new stake in shares of Lindblad Expeditions during the third quarter valued at approximately $6,076,000. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Trading Down 2.3%

Shares of LIND stock opened at $18.16 on Friday. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $21.23. The stock has a market capitalization of $1.18 billion, a P/E ratio of -28.83 and a beta of 2.20. The firm’s 50 day moving average is $18.27 and its 200 day moving average is $14.86.

Lindblad Expeditions (NASDAQ:LIND) last announced its 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 business had revenue of $183.18 million for the quarter, compared to analyst estimates of $167.66 million. As a group, equities analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Lindblad Expeditions

In other news, Director Sven-Olof Lindblad sold 28,002 shares of the company’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $17.61, for a total transaction of $493,115.22. Following the completion of the sale, the director owned 10,783,962 shares of the company’s stock, valued at $189,905,570.82. This represents a 0.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $17.57, for a total transaction of $983,920.00. Following the sale, the director directly owned 45,488 shares of the company’s stock, valued at approximately $799,224.16. This represents a 55.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,829,996 shares of company stock worth $30,687,123 in the last three months. 34.00% of the stock is 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.