Virtu Financial LLC Takes Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Virtu Financial LLC acquired a new stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,063 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also recently bought and sold shares of LIND. Quest Partners LLC acquired a new position in Lindblad Expeditions in the fourth quarter valued at about $200,000. Natixis Advisors L.P. raised its holdings in Lindblad Expeditions by 7.7% during the 4th quarter. Natixis Advisors L.P. now owns 29,984 shares of the company’s stock worth $337,000 after buying an additional 2,139 shares during the period. Victory Capital Management Inc. lifted its stake in Lindblad Expeditions by 3.8% in the fourth quarter. Victory Capital Management Inc. now owns 95,100 shares of the company’s stock valued at $1,072,000 after buying an additional 3,500 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Lindblad Expeditions by 24.7% during the fourth quarter. Russell Investments Group Ltd. now owns 46,040 shares of the company’s stock worth $519,000 after acquiring an additional 9,105 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Lindblad Expeditions by 31.9% during the fourth quarter. SG Americas Securities LLC now owns 19,740 shares of the company’s stock worth $222,000 after acquiring an additional 4,778 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alex P. Schultz acquired 25,294 shares of the stock in a transaction dated Monday, May 20th. The shares were bought at an average cost of $7.69 per share, for a total transaction of $194,510.86. Following the purchase, the director now directly owns 151,694 shares of the company’s stock, valued at $1,166,526.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Lindblad Expeditions news, Director Alex P. Schultz purchased 25,294 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $7.69 per share, for a total transaction of $194,510.86. Following the completion of the acquisition, the director now owns 151,694 shares of the company’s stock, valued at approximately $1,166,526.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Alex P. Schultz purchased 33,016 shares of the stock in a transaction on Friday, April 19th. The shares were acquired at an average cost of $7.47 per share, for a total transaction of $246,629.52. Following the transaction, the director now owns 126,400 shares of the company’s stock, valued at $944,208. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 60,810 shares of company stock valued at $460,390. 34.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

LIND has been the subject of a number of research reports. Craig Hallum lowered their target price on Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft dropped their target price on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, April 2nd. Finally, StockNews.com raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.50.

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $7.57 on Monday. Lindblad Expeditions Holdings, Inc. has a 52-week low of $5.47 and a 52-week high of $12.13. The company has a market cap of $405.22 million, a P/E ratio of -7.35 and a beta of 2.96. The stock’s 50-day simple moving average is $7.52 and its 200 day simple moving average is $8.67.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Tuesday, April 30th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The business had revenue of $153.61 million during the quarter, compared to analysts’ expectations of $150.24 million. As a group, equities analysts predict that Lindblad Expeditions Holdings, Inc. will post -0.44 earnings per share for the current fiscal year.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.