Principal Financial Group Inc. Lowers Stock Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Principal Financial Group Inc. decreased its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,576,532 shares of the company’s stock after selling 112,017 shares during the period. Principal Financial Group Inc. owned approximately 2.89% of Lindblad Expeditions worth $18,698,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of Lindblad Expeditions by 2.4% in the fourth quarter. Rhumbline Advisers now owns 50,598 shares of the company’s stock valued at $600,000 after buying an additional 1,167 shares in the last quarter. Manchester Capital Management LLC lifted its holdings in Lindblad Expeditions by 91.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock valued at $34,000 after acquiring an additional 1,360 shares during the period. Assetmark Inc. boosted its position in shares of Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock worth $48,000 after purchasing an additional 1,722 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Lindblad Expeditions by 0.4% during the 3rd quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock worth $7,903,000 after purchasing an additional 3,016 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Lindblad Expeditions by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock valued at $2,736,000 after purchasing an additional 3,087 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director John M. Fahey, Jr. sold 7,000 shares of Lindblad Expeditions stock in a transaction dated Tuesday, December 17th. The stock was 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 owns 123,754 shares in the company, valued at approximately $1,455,347.04. This trade represents a 5.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 34.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lindblad Expeditions Trading Up 0.7 %

NASDAQ:LIND opened at $11.19 on Tuesday. The company has a market capitalization of $609.90 million, a P/E ratio of -14.92 and a beta of 3.11. The firm has a 50-day moving average price of $12.16 and a two-hundred day moving average price of $11.11. Lindblad Expeditions Holdings, Inc. has a twelve month low of $6.35 and a twelve month high of $14.34.

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.