UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 14,517 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 22.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,225 shares of the company’s stock after selling 14,517 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.09% of Lindblad Expeditions worth $465,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings in Lindblad Expeditions by 5.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company’s stock worth $1,119,000 after purchasing an additional 5,569 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Lindblad Expeditions by 116.6% during the second quarter. Panagora Asset Management Inc. now owns 123,702 shares of the company’s stock worth $1,194,000 after buying an additional 66,595 shares in the last quarter. Principal Financial Group Inc. raised its position in Lindblad Expeditions by 2.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,661,902 shares of the company’s stock valued at $16,037,000 after buying an additional 36,307 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Lindblad Expeditions by 3.3% during the 2nd quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock valued at $930,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Arizona State Retirement System purchased a new position in Lindblad Expeditions during the 2nd quarter worth $101,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on LIND shares. Craig Hallum increased their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. B. Riley upped their price objective on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Insider Buying and Selling at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $11.76, for a total transaction of $82,320.00. Following the sale, the director now directly owns 123,754 shares in the company, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 34.30% of the stock is owned by corporate insiders.

Lindblad Expeditions Stock Up 3.7 %

LIND opened at $12.48 on Friday. The company’s 50-day moving average price is $11.75 and its two-hundred day moving average price is $9.95. Lindblad Expeditions Holdings, Inc. has a twelve month low of $6.35 and a twelve month high of $14.34. The stock has a market cap of $680.21 million, a price-to-earnings ratio of -16.64 and a beta of 3.11.

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.