Proficio Capital Partners LLC Invests $216,000 in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Proficio Capital Partners LLC acquired a new stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,241 shares of the company’s stock, valued at approximately $216,000.

Other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund raised its position in Lindblad Expeditions by 3,496.6% in the 4th quarter. New York State Common Retirement Fund now owns 331,034 shares of the company’s stock valued at $3,926,000 after purchasing an additional 321,830 shares in the last quarter. Portolan Capital Management LLC acquired a new stake in Lindblad Expeditions in the third quarter valued at approximately $2,399,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Lindblad Expeditions by 104.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 292,292 shares of the company’s stock worth $2,704,000 after acquiring an additional 149,409 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Lindblad Expeditions by 66.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company’s stock worth $2,985,000 after acquiring an additional 128,610 shares in the last quarter. Finally, PDT Partners LLC purchased a new stake in shares of Lindblad Expeditions in the 3rd quarter valued at approximately $556,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.25.

Lindblad Expeditions Stock Up 1.5 %

LIND stock opened at $10.41 on Thursday. The business has a 50 day moving average price of $11.85 and a 200 day moving average price of $11.33. The stock has a market cap of $568.24 million, a price-to-earnings ratio of -13.88 and a beta of 3.12. Lindblad Expeditions Holdings, Inc. has a fifty-two week low of $6.35 and a fifty-two week high of $14.34.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the firm’s 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 transaction, the director now owns 123,754 shares of the company’s stock, valued at approximately $1,455,347.04. This trade represents a 5.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 34.30% of the company’s stock.

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.