Victory Capital Management Inc. Acquires 3,100 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Victory Capital Management Inc. lifted its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,400 shares of the company’s stock after acquiring an additional 3,100 shares during the quarter. Victory Capital Management Inc. owned 0.18% of Lindblad Expeditions worth $930,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LIND. Virtu Financial LLC purchased a new stake in shares of Lindblad Expeditions during the 4th quarter valued at $204,000. Quest Partners LLC purchased a new stake in Lindblad Expeditions during the fourth quarter worth about $200,000. GSA Capital Partners LLP raised its position in Lindblad Expeditions by 241.9% in the first quarter. GSA Capital Partners LLP now owns 48,925 shares of the company’s stock worth $456,000 after acquiring an additional 34,614 shares during the period. Vanguard Group Inc. boosted its stake in Lindblad Expeditions by 1.6% in the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after acquiring an additional 31,921 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Lindblad Expeditions during the 1st quarter valued at approximately $95,000. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Price Performance

NASDAQ:LIND opened at $10.26 on Friday. Lindblad Expeditions Holdings, Inc. has a 1 year low of $5.47 and a 1 year high of $11.53. The stock’s fifty day moving average price is $9.21 and its two-hundred day moving average price is $8.51. The company has a market cap of $549.25 million, a P/E ratio of -9.96 and a beta of 3.03.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The business had revenue of $136.50 million during the quarter, compared to analyst estimates of $137.39 million. On average, analysts expect that Lindblad Expeditions Holdings, Inc. will post -0.59 earnings per share for the current fiscal year.

Insider Activity at Lindblad Expeditions

In other news, CEO Sven-Olof Lindblad bought 32,117 shares of the stock in a transaction on Wednesday, August 21st. The shares were acquired at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the purchase, the chief executive officer now directly owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Lindblad Expeditions news, Director Alex P. Schultz bought 15,278 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $7.17 per share, for a total transaction of $109,543.26. Following the completion of the transaction, the director now directly owns 232,301 shares in the company, valued at $1,665,598.17. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sven-Olof Lindblad purchased 32,117 shares of the stock in a transaction on Wednesday, August 21st. The stock was acquired at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the acquisition, the chief executive officer now owns 11,825,063 shares in the company, valued at $94,009,250.85. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 72,203 shares of company stock valued at $549,922. Corporate insiders own 34.30% of the company’s stock.

Wall Street Analyst Weigh In

LIND has been the topic of a number of research reports. Stifel Nicolaus lowered their price target on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 9th. B. Riley boosted their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions currently has an average rating of “Moderate Buy” and an average target price of $13.25.

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.