Assetmark Inc. Boosts Stock Holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Assetmark Inc. lifted its holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 49.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 5,191 shares of the company’s stock after buying an additional 1,722 shares during the quarter. Assetmark Inc.’s holdings in Lindblad Expeditions were worth $48,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in shares of Lindblad Expeditions by 1.6% in the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after acquiring an additional 26,647 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Lindblad Expeditions by 1.1% in the third quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock worth $5,569,000 after acquiring an additional 6,267 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in Lindblad Expeditions during the 3rd quarter valued at $222,000. SG Americas Securities LLC acquired a new stake in Lindblad Expeditions during the 3rd quarter valued at $139,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Lindblad Expeditions during the 2nd quarter valued at $519,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $13.28 on Tuesday. The firm has a market cap of $723.81 million, a P/E ratio of -17.71 and a beta of 3.02. Lindblad Expeditions Holdings, Inc. has a 1-year low of $6.35 and a 1-year high of $14.34. The firm has a fifty day moving average of $10.36 and a two-hundred day moving average of $9.17.

Insiders Place Their Bets

In other news, insider Noah Brodsky sold 14,344 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the transaction, the insider now directly owns 58,518 shares in the company, valued at approximately $614,439. This trade represents a 19.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sven-Olof Lindblad purchased 32,117 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 21st. The stock was acquired at an average price 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 trade was a 0.27 % increase in their position. The disclosure for this purchase can be found here. 34.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LIND has been the subject of a number of recent analyst reports. Craig Hallum raised their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. B. Riley raised their price target on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Stifel Nicolaus lowered their price target 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. Finally, StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.25.

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.