Renaissance Technologies LLC Has $528,000 Stock Position in Lindblad Expeditions $LIND

Renaissance Technologies LLC lowered its stake in Lindblad Expeditions (NASDAQ:LIND) by 67.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,498 shares of the company’s stock after selling 63,987 shares during the quarter. Renaissance Technologies LLC’s holdings in Lindblad Expeditions were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC lifted its stake in Lindblad Expeditions by 44.4% during the first 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. increased its position 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 acquiring an additional 1,037 shares in the last quarter. Creative Planning acquired a new stake in shares of Lindblad Expeditions during the second quarter valued at approximately $174,000. JPMorgan Chase & Co. raised its holdings in shares of Lindblad Expeditions by 78.9% during the second quarter. JPMorgan Chase & Co. now owns 311,363 shares of the company’s stock valued at $3,634,000 after acquiring an additional 137,312 shares during the period. Finally, Rhumbline Advisers lifted its position in shares of Lindblad Expeditions by 8.1% in 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 in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

LIND stock opened at $32.77 on Tuesday. The stock has a market cap of $2.15 billion, a P/E ratio of -86.24 and a beta of 2.24. The firm has a 50 day simple moving average of $28.10 and a 200 day simple moving average of $22.32. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $35.00.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The firm had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Sell-side analysts predict that Lindblad Expeditions will post 0.17 EPS for the current year.

Insider Activity

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

Wall Street Analysts Forecast Growth

LIND has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft set a $29.00 target price on Lindblad Expeditions in a report on Thursday, August 6th. Benchmark raised their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Texas Capital downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lindblad Expeditions currently has a consensus rating of “Hold” and an average target price of $31.20.

About Lindblad Expeditions

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.