Algert Global LLC Buys 23,806 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Algert Global LLC grew its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 24.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,201 shares of the company’s stock after purchasing an additional 23,806 shares during the quarter. Algert Global LLC owned approximately 0.23% of Lindblad Expeditions worth $1,170,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LIND. Price T Rowe Associates Inc. MD bought a new stake in Lindblad Expeditions during the first quarter worth $95,000. Arizona State Retirement System bought a new stake in Lindblad Expeditions during the second quarter worth $101,000. Virtu Financial LLC bought a new stake in Lindblad Expeditions during the fourth quarter worth $204,000. EntryPoint Capital LLC bought a new stake in Lindblad Expeditions during the first quarter worth $176,000. Finally, Renaissance Technologies LLC lifted its holdings in Lindblad Expeditions by 71.1% during the second quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock worth $383,000 after acquiring an additional 16,500 shares during the period. Institutional investors own 75.94% of the company’s stock.

Insider Activity

In related news, Director Alex P. Schultz purchased 22,308 shares of Lindblad Expeditions stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $7.43 per share, for a total transaction of $165,748.44. Following the completion of the transaction, the director now owns 217,023 shares in the company, valued at $1,612,480.89. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Alex P. Schultz purchased 22,308 shares of Lindblad Expeditions stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $7.43 per share, for a total transaction of $165,748.44. Following the completion of the transaction, the director now owns 217,023 shares in the company, valued at $1,612,480.89. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the transaction, the insider now owns 58,518 shares of the company’s stock, valued at approximately $614,439. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders purchased 72,203 shares of company stock worth $549,922. 34.30% of the stock is owned by corporate insiders.

Lindblad Expeditions Price Performance

NASDAQ:LIND opened at $9.23 on Friday. The business has a fifty day simple moving average of $9.04 and a two-hundred day simple moving average of $8.58. Lindblad Expeditions Holdings, Inc. has a 1 year low of $5.47 and a 1 year high of $11.53. The company has a market capitalization of $494.11 million, a P/E ratio of -8.96 and a beta of 3.03.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. As a group, analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -0.65 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LIND. B. Riley lifted their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Stifel Nicolaus dropped their price target on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.25.

Lindblad Expeditions Company 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.