Brasada Capital Management LP Invests $1.07 Million in Lindblad Expeditions $LIND

Brasada Capital Management LP acquired a new stake in shares of Lindblad Expeditions (NASDAQ:LIND) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,000 shares of the company’s stock, valued at approximately $1,073,000. Brasada Capital Management LP owned 0.06% of Lindblad Expeditions as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of LIND. Allworth Financial LP acquired a new position in Lindblad Expeditions in the 2nd quarter valued at $38,000. Silvant Capital Management LLC purchased a new position in shares of Lindblad Expeditions during the 2nd quarter worth $58,000. Osaic Holdings Inc. boosted its holdings in shares of Lindblad Expeditions by 58.1% during 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. State of Wyoming acquired a new stake in shares of Lindblad Expeditions during the second quarter worth $109,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Lindblad Expeditions in the fourth quarter valued at $57,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Stock Down 3.6%

Shares of NASDAQ LIND opened at $30.06 on Friday. The stock has a market capitalization of $1.97 billion, a PE ratio of -79.11 and a beta of 2.24. The firm has a fifty day moving average of $29.36 and a 200-day moving average of $23.10. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $35.00.

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

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 26.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $29.00 target price on Lindblad Expeditions in a research note on Thursday, August 6th. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research note on Tuesday, August 4th. Finally, Capital One Financial set a $31.00 price objective on shares of Lindblad Expeditions in a research note on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lindblad Expeditions has a consensus rating of “Hold” and an average target price of $31.20.

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.