Nicholas Investment Partners LP Makes New Investment in Lindblad Expeditions $LIND

Nicholas Investment Partners LP bought a new stake in Lindblad Expeditions (NASDAQ:LIND) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 339,499 shares of the company’s stock, valued at approximately $9,587,000. Nicholas Investment Partners LP owned approximately 0.52% of Lindblad Expeditions at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LIND. Allworth Financial LP acquired a new stake in shares of Lindblad Expeditions in the 2nd quarter worth approximately $38,000. Silvant Capital Management LLC purchased a new stake in Lindblad Expeditions during the second quarter worth $58,000. Osaic Holdings Inc. grew its holdings in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the last quarter. State of Wyoming purchased a new position in shares of Lindblad Expeditions in the second quarter valued at $109,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Lindblad Expeditions during the 4th quarter worth $57,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lindblad Expeditions

In related news, Director Michael Elliott Bisnow sold 44,642 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the sale, the director owned 25,872 shares in the company, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 26.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LIND shares. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Deutsche Bank Aktiengesellschaft set a $29.00 target price on Lindblad Expeditions in a research note on Thursday, August 6th. Benchmark increased their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. Finally, Capital One Financial set a $31.00 price target on Lindblad Expeditions in a research report on Monday, June 29th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $31.20.

Lindblad Expeditions Price Performance

Lindblad Expeditions stock opened at $31.90 on Tuesday. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $35.00. The stock has a market capitalization of $2.09 billion, a P/E ratio of -83.95 and a beta of 2.24. The firm’s 50-day moving average is $28.97 and its two-hundred day moving average is $22.85.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. The business had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. As a group, analysts forecast that Lindblad Expeditions will post 0.17 EPS for the current year.

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.