Geode Capital Management LLC Increases Stock Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Geode Capital Management LLC grew its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 852,669 shares of the company’s stock after buying an additional 11,029 shares during the quarter. Geode Capital Management LLC owned approximately 1.56% of Lindblad Expeditions worth $7,889,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after buying an additional 1,722 shares in the last quarter. Quantbot Technologies LP raised its holdings in Lindblad Expeditions by 307.7% during the third quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock valued at $74,000 after acquiring an additional 6,071 shares during the period. Arizona State Retirement System purchased a new position in shares of Lindblad Expeditions in the second quarter valued at about $101,000. Paloma Partners Management Co bought a new position in shares of Lindblad Expeditions in the third quarter worth about $122,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Lindblad Expeditions during the third quarter worth about $139,000. Institutional investors own 75.94% of the company’s stock.

Insider Transactions at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions stock in a transaction 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 completion of the sale, the director now directly owns 123,754 shares in the company, valued at approximately $1,455,347.04. The trade was a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 34.30% of the company’s stock.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $11.32 on Friday. The company has a market cap of $616.99 million, a P/E ratio of -15.09 and a beta of 3.10. Lindblad Expeditions Holdings, Inc. has a 1-year low of $6.35 and a 1-year high of $14.34. The stock’s 50-day moving average is $12.21 and its 200 day moving average is $10.26.

Analyst Upgrades and Downgrades

LIND has been the topic of a number of research reports. StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Craig Hallum raised their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

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.