Rice Hall James & Associates LLC Cuts Stock Holdings in Lindblad Expeditions $LIND

Rice Hall James & Associates LLC cut its stake in shares of Lindblad Expeditions (NASDAQ:LIND) by 31.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,882 shares of the company’s stock after selling 76,059 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Lindblad Expeditions were worth $2,123,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Osaic Holdings Inc. grew its holdings in shares of Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after purchasing an additional 1,322 shares during the last quarter. Quantbot Technologies LP boosted its position in Lindblad Expeditions by 28.3% during the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company’s stock valued at $56,000 after buying an additional 1,345 shares during the period. Tower Research Capital LLC TRC grew its holdings in Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after acquiring an additional 3,311 shares during the last quarter. CWM LLC increased its position in shares of Lindblad Expeditions by 188.1% in the third quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after acquiring an additional 3,166 shares during the period. Finally, AlphaQuest LLC raised its stake in shares of Lindblad Expeditions by 167.4% during the second quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock valued at $101,000 after acquiring an additional 5,427 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lindblad Expeditions

In other news, CEO Benjamin Bressler sold 16,123 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $15.02, for a total value of $242,167.46. Following the sale, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at $352,459.32. This represents a 40.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 34.00% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $14.44 on Friday. The firm has a market capitalization of $799.98 million, a P/E ratio of -21.88 and a beta of 2.36. The stock has a 50 day moving average price of $12.64 and a 200-day moving average price of $12.70. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $15.06.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping 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, equities analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Two research 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, the stock presently has an average rating of “Hold” and an average target price of $17.00.

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.