119,373 Shares in Lindblad Expeditions $LIND Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC bought a new stake in shares of Lindblad Expeditions (NASDAQ:LIND) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 119,373 shares of the company’s stock, valued at approximately $1,528,000. Wedge Capital Management L L P NC owned 0.22% of Lindblad Expeditions at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Osaic Holdings Inc. grew its holdings in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after buying an additional 1,322 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Lindblad Expeditions by 28.3% during the first quarter. Quantbot Technologies LP now owns 6,090 shares of the company’s stock worth $56,000 after acquiring an additional 1,345 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after acquiring an additional 3,311 shares during the last quarter. AlphaQuest LLC increased its holdings in Lindblad Expeditions by 167.4% in the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock valued at $101,000 after acquiring an additional 5,427 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Lindblad Expeditions by 44.4% in the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock worth $148,000 after purchasing an additional 4,921 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Trading Down 0.1%

Shares of NASDAQ:LIND opened at $14.71 on Wednesday. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $15.06. The company has a 50-day moving average price of $12.49 and a 200 day moving average price of $12.64. The company has a market cap of $814.93 million, a price-to-earnings ratio of -22.29 and a beta of 2.36.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. As a group, equities analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current year.

Insider Buying and Selling at Lindblad Expeditions

In related news, CEO Benjamin Bressler sold 16,123 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $15.02, for a total transaction of $242,167.46. Following the sale, the chief executive officer owned 23,466 shares in the company, valued at approximately $352,459.32. This represents a 40.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 34.00% of the company’s stock.

Analysts Set New Price Targets

LIND has been the subject of a number of research analyst reports. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Finally, Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Hold” and a consensus price target of $17.00.

Lindblad Expeditions Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.