Bank of New York Mellon Corp Buys 5,569 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Bank of New York Mellon Corp increased its stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 5.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 115,944 shares of the company’s stock after acquiring an additional 5,569 shares during the quarter. Bank of New York Mellon Corp’s holdings in Lindblad Expeditions were worth $1,119,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD bought a new stake in Lindblad Expeditions in the 1st quarter valued at $95,000. EntryPoint Capital LLC bought a new position in Lindblad Expeditions during the 1st quarter worth $176,000. Quest Partners LLC acquired a new stake in shares of Lindblad Expeditions during the fourth quarter worth $200,000. Virtu Financial LLC bought a new stake in shares of Lindblad Expeditions in the fourth quarter valued at about $204,000. Finally, GSA Capital Partners LLP grew its stake in shares of Lindblad Expeditions by 241.9% in the first quarter. GSA Capital Partners LLP now owns 48,925 shares of the company’s stock valued at $456,000 after acquiring an additional 34,614 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Stock Down 2.7 %

LIND opened at $10.26 on Friday. Lindblad Expeditions Holdings, Inc. has a twelve month low of $5.47 and a twelve month high of $11.53. The stock has a market capitalization of $549.25 million, a price-to-earnings ratio of -9.96 and a beta of 3.03. The company has a 50-day simple moving average of $9.21 and a 200 day simple moving average of $8.51.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate 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. Sell-side analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -0.59 EPS for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In related news, Director Alex P. Schultz purchased 22,308 shares of Lindblad Expeditions stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost of $7.43 per share, for a total transaction of $165,748.44. Following the purchase, the director now owns 217,023 shares in the company, valued at approximately $1,612,480.89. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Alex P. Schultz purchased 22,308 shares of the stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of $7.43 per share, for a total transaction of $165,748.44. Following the completion of the acquisition, the director now owns 217,023 shares of the company’s stock, valued at $1,612,480.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sven-Olof Lindblad acquired 32,117 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were purchased at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the acquisition, the chief executive officer now owns 11,825,063 shares in the company, valued at $94,009,250.85. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 72,203 shares of company stock valued at $549,922. 34.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LIND. Stifel Nicolaus cut their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 9th. B. Riley lifted 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. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.