Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Shares Acquired by Assetmark Inc.

Assetmark Inc. lifted its position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 49.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,191 shares of the company’s stock after acquiring an additional 1,722 shares during the quarter. Assetmark Inc.’s holdings in Lindblad Expeditions were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Ariel Investments LLC increased its stake in shares of Lindblad Expeditions by 3.1% during the first quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock worth $82,824,000 after acquiring an additional 268,996 shares during the period. Vanguard Group Inc. grew its position in Lindblad Expeditions by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock worth $18,651,000 after buying an additional 31,921 shares during the period. Principal Financial Group Inc. grew its position in Lindblad Expeditions by 1.6% during the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after buying an additional 26,647 shares during the period. Anchor Capital Management Company LLC grew its position in Lindblad Expeditions by 51.3% during the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after buying an additional 449,098 shares during the period. Finally, Pinnacle Associates Ltd. grew its position in Lindblad Expeditions by 1.1% during the third quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock worth $5,569,000 after buying an additional 6,267 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Price Performance

LIND stock opened at $13.28 on Tuesday. The company’s 50 day simple moving average is $10.36 and its 200-day simple moving average is $9.17. The firm has a market capitalization of $723.81 million, a PE ratio of -17.71 and a beta of 3.02. Lindblad Expeditions Holdings, Inc. has a 12 month low of $6.35 and a 12 month high of $14.34.

Analysts Set New Price Targets

Several research analysts have weighed in on LIND shares. Stifel Nicolaus lowered their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Craig Hallum upped their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, B. Riley increased their price target on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Insider Activity

In other news, CEO Sven-Olof Lindblad acquired 32,117 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average price of $7.95 per share, with a total value of $255,330.15. Following the completion of the purchase, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. This represents a 0.27 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Noah Brodsky sold 14,344 shares of the company’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the transaction, the insider now directly owns 58,518 shares in the company, valued at $614,439. The trade was a 19.69 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 34.30% of the company’s stock.

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.