Cubist Systematic Strategies LLC Purchases New Position 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, HoldingsChannel reports. The institutional investor acquired 53,744 shares of the company’s stock, valued at approximately $519,000.

Several other hedge funds have also modified their holdings of LIND. Price T Rowe Associates Inc. MD bought a new stake in Lindblad Expeditions in the first quarter worth $95,000. Arizona State Retirement System purchased a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $101,000. EntryPoint Capital LLC bought a new position in shares of Lindblad Expeditions in the 1st quarter valued at about $176,000. Virtu Financial LLC purchased a new position in Lindblad Expeditions in the fourth quarter worth about $204,000. Finally, Renaissance Technologies LLC raised its position in Lindblad Expeditions by 71.1% during the second quarter. Renaissance Technologies LLC now owns 39,700 shares of the company’s stock valued at $383,000 after purchasing an additional 16,500 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Stock Performance

Shares of LIND stock opened at $9.23 on Friday. The stock has a 50 day moving average price of $9.04 and a 200 day moving average price of $8.58. The firm has a market capitalization of $494.11 million, a P/E ratio of -8.96 and a beta of 3.03. Lindblad Expeditions Holdings, Inc. has a 52-week low of $5.47 and a 52-week high of $11.53.

Lindblad Expeditions (NASDAQ:LIND) last issued its 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 forecast that Lindblad Expeditions Holdings, Inc. will post -0.65 EPS for the current year.

Insider Buying and Selling at Lindblad Expeditions

In related news, CEO Sven-Olof Lindblad bought 32,117 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 21st. The shares were acquired at an average cost of $7.95 per share, with a total value 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 $94,009,250.85. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, 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 cost of $7.43 per share, for a total transaction of $165,748.44. Following the acquisition, the director now owns 217,023 shares of the company’s stock, valued at $1,612,480.89. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sven-Olof Lindblad purchased 32,117 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the purchase, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 72,203 shares of company stock valued at $549,922 in the last three months. Company insiders own 34.30% of the company’s stock.

Analysts Set New Price Targets

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

Lindblad Expeditions Company 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.