SG Americas Securities LLC Sells 144,382 Shares of Lindblad Expeditions $LIND

SG Americas Securities LLC reduced its stake in shares of Lindblad Expeditions (NASDAQ:LIND) by 83.8% during the first quarter, Holdings Channel reports. The institutional investor owned 27,883 shares of the company’s stock after selling 144,382 shares during the period. SG Americas Securities LLC’s holdings in Lindblad Expeditions were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LIND. Osaic Holdings Inc. raised its stake in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after acquiring an additional 1,322 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Lindblad Expeditions in the fourth quarter worth $57,000. Royal Bank of Canada raised its position in shares of Lindblad Expeditions by 127.1% during the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares during the period. Finally, State of Wyoming bought a new stake in shares of Lindblad Expeditions during the 4th quarter valued at $136,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Capital One Financial set a $31.00 price target on Lindblad Expeditions in a report on Monday, June 29th. Oppenheimer assumed coverage on Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective on the stock. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $28.25.

Insider Activity

In related news, insider Trey Byus sold 26,460 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $20.23, for a total value of $535,285.80. Following the sale, the insider directly owned 111,530 shares in the company, valued at approximately $2,256,251.90. The trade was a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Fahey, Jr. sold 3,500 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $20.04, for a total value of $70,140.00. Following the transaction, the director directly owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. The trade was a 2.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 88,602 shares of company stock worth $1,966,009 over the last 90 days. Corporate insiders own 26.10% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $25.60 on Thursday. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of -47.41 and a beta of 2.22. The firm has a fifty day moving average price of $22.75 and a 200 day moving average price of $19.42. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. As a group, research analysts predict that Lindblad Expeditions will post 0.09 earnings per share for the current year.

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.