186,940 Shares in Lindblad Expeditions $LIND Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new stake in Lindblad Expeditions (NASDAQ:LIND) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 186,940 shares of the company’s stock, valued at approximately $5,279,000. Lisanti Capital Growth LLC owned approximately 0.28% of Lindblad Expeditions at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Graham Capital Management L.P. raised its stake in shares of Lindblad Expeditions by 2.4% in the fourth quarter. Graham Capital Management L.P. now owns 24,763 shares of the company’s stock worth $357,000 after purchasing an additional 590 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Lindblad Expeditions by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after purchasing an additional 1,037 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Lindblad Expeditions by 4.0% during the fourth quarter. Deutsche Bank AG now owns 29,521 shares of the company’s stock valued at $426,000 after buying an additional 1,140 shares during the last quarter. Aristides Capital LLC boosted its position in shares of Lindblad Expeditions by 4.7% during the fourth quarter. Aristides Capital LLC now owns 26,180 shares of the company’s stock valued at $378,000 after buying an additional 1,180 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Lindblad Expeditions by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock worth $168,000 after buying an additional 1,222 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the sale, the director owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 26.10% of the company’s stock.

Lindblad Expeditions Trading Down 1.6%

Shares of NASDAQ LIND opened at $31.82 on Thursday. The firm has a 50 day moving average of $28.50 and a 200 day moving average of $22.54. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -83.74 and a beta of 2.24. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $35.00.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping 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 business had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. Sell-side analysts predict that Lindblad Expeditions will post 0.17 EPS for the current year.

Analyst Ratings Changes

Several research firms have issued reports on LIND. Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a research note on Monday, June 29th. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a report on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Friday, July 17th. Finally, Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions has an average rating of “Hold” and an average target price of $31.20.

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.