Quest Partners LLC Has $47,000 Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Quest Partners LLC trimmed its stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 82.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,912 shares of the company’s stock after selling 22,853 shares during the quarter. Quest Partners LLC’s holdings in Lindblad Expeditions were worth $47,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ariel Investments LLC grew 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 buying an additional 268,996 shares during the last quarter. Vanguard Group Inc. grew its position in Lindblad Expeditions by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock worth $18,651,000 after acquiring an additional 31,921 shares during the last quarter. Principal Financial Group Inc. grew its position in Lindblad Expeditions by 2.2% during the 2nd quarter. Principal Financial Group Inc. now owns 1,661,902 shares of the company’s stock worth $16,037,000 after acquiring an additional 36,307 shares during the last quarter. Anchor Capital Management Company LLC increased its holdings in Lindblad Expeditions by 127.1% in the 1st quarter. Anchor Capital Management Company LLC now owns 876,070 shares of the company’s stock worth $8,174,000 after purchasing an additional 490,370 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its position in Lindblad Expeditions by 1.0% in the first quarter. Pinnacle Associates Ltd. now owns 607,994 shares of the company’s stock valued at $5,673,000 after purchasing an additional 5,979 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

Shares of LIND opened at $10.62 on Thursday. The business has a 50-day moving average of $9.16 and a 200-day moving average of $8.47. Lindblad Expeditions Holdings, Inc. has a 1 year low of $5.47 and a 1 year high of $11.53. The company has a market capitalization of $568.52 million, a price-to-earnings ratio of -10.31 and a beta of 3.03.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.24). The firm had revenue of $136.50 million for the quarter, compared to analysts’ expectations of $137.39 million. As a group, sell-side analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -0.59 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Stifel Nicolaus reduced their price target on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a 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 report on Friday, August 23rd. Two investment 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.25.

Insider Activity at Lindblad Expeditions

In other news, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the transaction, the insider now directly owns 58,518 shares of the company’s stock, valued at approximately $614,439. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Noah Brodsky sold 14,344 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 58,518 shares of the company’s stock, valued at $614,439. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alex P. Schultz bought 22,308 shares of the stock in a transaction on Friday, August 2nd. The stock was acquired at an average price of $7.43 per share, with a total value of $165,748.44. Following the completion of the acquisition, the director now owns 217,023 shares of the company’s stock, valued at approximately $1,612,480.89. The disclosure for this purchase can be found here. Insiders have bought a total of 72,203 shares of company stock worth $549,922 over the last quarter. Company insiders own 34.30% of the company’s stock.

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.