Cubist Systematic Strategies LLC Makes New Investment in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Cubist Systematic Strategies LLC acquired a new position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 53,744 shares of the company’s stock, valued at approximately $519,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Ariel Investments LLC lifted its holdings in Lindblad Expeditions by 3.1% in the 1st quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock worth $82,824,000 after buying an additional 268,996 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Lindblad Expeditions by 1.6% in the 1st 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in Lindblad Expeditions by 2.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,661,902 shares of the company’s stock worth $16,037,000 after buying an additional 36,307 shares in the last quarter. Anchor Capital Management Company LLC increased its position in shares of Lindblad Expeditions by 51.3% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after purchasing an additional 449,098 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its position in shares of Lindblad Expeditions by 27.9% in the 2nd quarter. Rice Hall James & Associates LLC now owns 272,566 shares of the company’s stock worth $2,630,000 after purchasing an additional 59,502 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Insider Activity at Lindblad Expeditions

In related news, insider Noah Brodsky sold 14,344 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the completion of the sale, the insider now owns 58,518 shares of the company’s stock, valued at $614,439. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Sven-Olof Lindblad bought 32,117 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the transaction, the chief executive officer now owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Noah Brodsky sold 14,344 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total transaction of $150,612.00. Following the completion of the transaction, the insider now owns 58,518 shares of the company’s stock, valued at approximately $614,439. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 72,203 shares of company stock valued at $549,922 in the last quarter. Insiders own 34.30% of the company’s stock.

Lindblad Expeditions Stock Up 2.0 %

Shares of NASDAQ:LIND opened at $9.76 on Friday. Lindblad Expeditions Holdings, Inc. has a fifty-two week low of $5.47 and a fifty-two week high of $11.53. The firm has a 50-day simple moving average of $9.16 and a 200 day simple moving average of $8.59. The company has a market cap of $522.48 million, a PE ratio of -9.48 and a beta of 3.03.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The company had revenue of $136.50 million for the quarter, compared to analyst estimates of $137.39 million. As a group, research analysts forecast that Lindblad Expeditions Holdings, Inc. will post -0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on LIND shares. Stifel Nicolaus dropped their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 9th. B. Riley boosted their target price on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

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.