Inspire Investing LLC Takes Position in Lindblad Expeditions $LIND

Inspire Investing LLC purchased a new position in Lindblad Expeditions (NASDAQ:LIND) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 35,784 shares of the company’s stock, valued at approximately $458,000.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Lindblad Expeditions by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company’s stock worth $21,050,000 after buying an additional 55,003 shares during the period. Nuveen LLC purchased a new position in shares of Lindblad Expeditions in the 1st quarter valued at $1,257,000. Russell Investments Group Ltd. raised its position in shares of Lindblad Expeditions by 31.0% in the 1st quarter. Russell Investments Group Ltd. now owns 73,431 shares of the company’s stock worth $681,000 after acquiring an additional 17,390 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Lindblad Expeditions by 28.3% during the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company’s stock worth $56,000 after purchasing an additional 1,345 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new stake in Lindblad Expeditions during the first quarter valued at about $5,900,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $14.44 on Friday. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $15.06. The company has a market cap of $799.98 million, a PE ratio of -21.88 and a beta of 2.36. The business has a 50-day simple moving average of $12.64 and a two-hundred day simple moving average of $12.70.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to analyst estimates of $229.68 million. On average, sell-side analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 16,123 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $15.02, for a total value of $242,167.46. Following the completion of the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $352,459.32. This trade represents a 40.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 34.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LIND shares. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.

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.