Bank of New York Mellon Corp Buys 5,569 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Bank of New York Mellon Corp increased its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,944 shares of the company’s stock after purchasing an additional 5,569 shares during the period. Bank of New York Mellon Corp owned 0.22% of Lindblad Expeditions worth $1,119,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD acquired a new stake in shares of Lindblad Expeditions in the 1st quarter valued at $95,000. EntryPoint Capital LLC acquired a new stake in Lindblad Expeditions in the first quarter worth about $176,000. Quest Partners LLC bought a new stake in Lindblad Expeditions during the 4th quarter worth about $200,000. Virtu Financial LLC acquired a new position in Lindblad Expeditions during the 4th quarter valued at about $204,000. Finally, GSA Capital Partners LLP boosted its stake in shares of Lindblad Expeditions by 241.9% in the 1st quarter. GSA Capital Partners LLP now owns 48,925 shares of the company’s stock valued at $456,000 after purchasing an additional 34,614 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Alex P. Schultz acquired 15,278 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $7.17 per share, for a total transaction of $109,543.26. Following the acquisition, the director now directly owns 232,301 shares of the company’s stock, valued at approximately $1,665,598.17. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Alex P. Schultz purchased 22,308 shares of Lindblad Expeditions stock in a transaction on Friday, August 2nd. The stock was purchased at an average price of $7.43 per share, with a total value of $165,748.44. Following the transaction, the director now directly owns 217,023 shares in the company, valued at approximately $1,612,480.89. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alex P. Schultz bought 15,278 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $7.17 per share, with a total value of $109,543.26. Following the transaction, the director now owns 232,301 shares of the company’s stock, valued at approximately $1,665,598.17. The disclosure for this purchase can be found here. Insiders acquired 72,203 shares of company stock worth $549,922 over the last ninety days. 34.30% of the stock is currently owned by corporate insiders.

Lindblad Expeditions Price Performance

Lindblad Expeditions stock opened at $10.26 on Friday. The firm has a market capitalization of $549.25 million, a price-to-earnings ratio of -9.96 and a beta of 3.03. The company’s 50 day simple moving average is $9.21 and its 200 day simple moving average is $8.51. Lindblad Expeditions Holdings, Inc. has a fifty-two week low of $5.47 and a fifty-two week high of $11.53.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $136.50 million for the quarter, compared to the consensus estimate of $137.39 million. As a group, analysts predict that Lindblad Expeditions Holdings, Inc. will post -0.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LIND. Stifel Nicolaus dropped their price target on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 9th. B. Riley upped their target price on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Lindblad Expeditions Profile

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.