Victory Capital Management Inc. Grows Stock Holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Victory Capital Management Inc. grew its position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 3.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 96,400 shares of the company’s stock after acquiring an additional 3,100 shares during the quarter. Victory Capital Management Inc.’s holdings in Lindblad Expeditions were worth $930,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ariel Investments LLC lifted its position 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 during the last quarter. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 31,921 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Lindblad Expeditions by 2.2% during the second 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 in the last quarter. Anchor Capital Management Company LLC lifted its holdings in shares of 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 acquiring an additional 490,370 shares during the last quarter. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Lindblad Expeditions by 1.0% in the 1st 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 in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LIND. Stifel Nicolaus decreased 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. B. Riley lifted their price objective on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.25.

Lindblad Expeditions Stock Down 2.7 %

Shares of LIND opened at $10.26 on Friday. The stock has a market capitalization of $549.25 million, a P/E ratio of -9.96 and a beta of 3.03. Lindblad Expeditions Holdings, Inc. has a twelve month low of $5.47 and a twelve month high of $11.53. The firm has a fifty day simple moving average of $9.21 and a two-hundred day simple moving average of $8.51.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results 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 firm had revenue of $136.50 million for the quarter, compared to the consensus estimate of $137.39 million. Sell-side analysts expect that Lindblad Expeditions Holdings, Inc. will post -0.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lindblad Expeditions news, CEO Sven-Olof Lindblad bought 32,117 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost 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 $94,009,250.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Alex P. Schultz purchased 15,278 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average cost of $7.17 per share, with a total value of $109,543.26. Following the completion of the purchase, the director now directly owns 232,301 shares in the company, valued at $1,665,598.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sven-Olof Lindblad acquired 32,117 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 72,203 shares of company stock worth $549,922. 34.30% of the stock is currently owned by company insiders.

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.