BlackRock Inc. increased its position in shares of Lindblad Expeditions Holdings Inc (NASDAQ:LIND) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,369,142 shares of the company’s stock after purchasing an additional 11,943 shares during the period. BlackRock Inc. owned approximately 2.99% of Lindblad Expeditions worth $20,359,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of LIND. First Trust Advisors LP purchased a new position in Lindblad Expeditions during the third quarter worth approximately $610,000. Cacti Asset Management LLC purchased a new position in shares of Lindblad Expeditions in the 3rd quarter valued at $368,000. Northern Trust Corp raised its stake in shares of Lindblad Expeditions by 1.9% in the 2nd quarter. Northern Trust Corp now owns 269,322 shares of the company’s stock valued at $3,569,000 after acquiring an additional 4,943 shares during the period. MetLife Investment Advisors LLC purchased a new position in shares of Lindblad Expeditions in the 2nd quarter valued at $143,000. Finally, Acadian Asset Management LLC raised its stake in shares of Lindblad Expeditions by 327.7% in the 3rd quarter. Acadian Asset Management LLC now owns 80,624 shares of the company’s stock valued at $1,199,000 after acquiring an additional 61,772 shares during the period. 53.56% of the stock is owned by hedge funds and other institutional investors.
LIND stock traded up $0.50 during mid-day trading on Friday, hitting $13.08. 104,019 shares of the company were exchanged, compared to its average volume of 101,779. The firm has a market cap of $599.26 million, a P/E ratio of 145.33 and a beta of -0.09. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.99 and a quick ratio of 0.98. Lindblad Expeditions Holdings Inc has a twelve month low of $8.66 and a twelve month high of $15.88.
LIND has been the topic of a number of research reports. Deutsche Bank raised their target price on shares of Lindblad Expeditions from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Monday, November 5th. BidaskClub lowered shares of Lindblad Expeditions from a “hold” rating to a “sell” rating in a report on Saturday, November 10th. TheStreet lowered shares of Lindblad Expeditions from a “b” rating to a “c+” rating in a report on Monday, November 19th. Zacks Investment Research raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Friday, January 4th. Finally, Stifel Nicolaus initiated coverage on shares of Lindblad Expeditions in a report on Friday. They set a “buy” rating and a $17.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.40.
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Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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