Militia Capital Management LLC Purchases Shares of 94,968 Lindblad Expeditions $LIND

Militia Capital Management LLC acquired a new position in shares of Lindblad Expeditions (NASDAQ:LIND) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 94,968 shares of the company’s stock, valued at approximately $1,643,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIND. Vanguard Group Inc. boosted its stake in shares of Lindblad Expeditions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after purchasing an additional 29,642 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Lindblad Expeditions by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock worth $26,467,000 after purchasing an additional 46,955 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Lindblad Expeditions by 44.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after purchasing an additional 393,359 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Lindblad Expeditions by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 908,796 shares of the company’s stock valued at $13,107,000 after purchasing an additional 5,553 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after buying an additional 446,294 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on LIND. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $24.00 price objective on shares of Lindblad Expeditions in a research note on Friday, July 24th. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research note on Monday, June 29th. Stifel Nicolaus boosted their target price on Lindblad Expeditions from $27.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Benchmark raised their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.20.

Insider Activity

In related news, Director John M. Fahey, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the transaction, the director owned 112,486 shares in the company, valued at $2,278,966.36. The trade was a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares in the company, valued at approximately $626,361.12. This represents a 63.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 88,602 shares of company stock valued at $1,966,009 over the last three months. 26.10% of the stock is owned by insiders.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $29.58 on Monday. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $30.43. The firm’s 50-day simple moving average is $25.55 and its 200 day simple moving average is $20.98. The company has a market cap of $1.94 billion, a price-to-earnings ratio of -54.78 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. On average, equities analysts expect that Lindblad Expeditions will post 0.16 earnings per share for the current year.

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.