Lindblad Expeditions $LIND Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its holdings in Lindblad Expeditions (NASDAQ:LIND) by 4.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,039 shares of the company’s stock after selling 32,976 shares during the quarter. New York State Common Retirement Fund’s holdings in Lindblad Expeditions were worth $8,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Federated Hermes Inc. grew its position in shares of Lindblad Expeditions by 579.1% in the third quarter. Federated Hermes Inc. now owns 8,129 shares of the company’s stock valued at $104,000 after purchasing an additional 6,932 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Lindblad Expeditions in the 3rd quarter valued at $133,000. Hunter Associates Investment Management LLC increased its stake in shares of Lindblad Expeditions by 2.2% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 228,490 shares of the company’s stock worth $2,927,000 after acquiring an additional 5,000 shares during the last quarter. GWN Securities Inc. purchased a new position in shares of Lindblad Expeditions during the 3rd quarter worth $198,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of Lindblad Expeditions during the 3rd quarter valued at about $35,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Stock Up 3.0%

NASDAQ:LIND opened at $17.98 on Thursday. Lindblad Expeditions has a 52 week low of $7.45 and a 52 week high of $18.09. The stock’s fifty day moving average is $14.76 and its two-hundred day moving average is $13.47. The stock has a market capitalization of $996.09 million, a price-to-earnings ratio of -27.24 and a beta of 2.27.

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 firm had revenue of $240.17 million during the quarter, compared to analysts’ expectations of $229.68 million. On average, sell-side analysts expect that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insider Activity

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 222,386 shares of the business’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $16.08, for a total transaction of $3,575,966.88. Following the sale, the chief executive officer directly owned 23,466 shares in the company, valued at $377,333.28. This represents a 90.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sven-Olof Lindblad sold 233,505 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the sale, the director directly owned 10,939,274 shares in the company, valued at $188,921,261.98. This represents a 2.09% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,531,960 shares of company stock valued at $25,301,535. 34.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Stifel Nicolaus raised their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Finally, Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lindblad Expeditions has an average rating of “Moderate Buy” and a consensus price target of $19.00.

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.