Quantbot Technologies LP Makes New Investment in Lindblad Expeditions $LIND

Quantbot Technologies LP acquired a new stake in Lindblad Expeditions (NASDAQ:LIND) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 71,994 shares of the company’s stock, valued at approximately $2,033,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LIND. Allworth Financial LP acquired a new position in shares of Lindblad Expeditions during the 2nd quarter worth approximately $38,000. Osaic Holdings Inc. grew its stake in Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares during the period. Tower Research Capital LLC TRC grew its stake in Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in Lindblad Expeditions in the 4th quarter valued at $57,000. Finally, Silvant Capital Management LLC purchased a new stake in Lindblad Expeditions in the 2nd quarter worth $58,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Michael Elliott Bisnow sold 44,642 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 26.10% of the stock is owned by insiders.

Lindblad Expeditions Stock Performance

Shares of LIND opened at $31.90 on Tuesday. The stock has a 50 day moving average price of $28.97 and a 200 day moving average price of $22.85. Lindblad Expeditions has a one year low of $11.37 and a one year high of $35.00. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -83.95 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The company had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. On average, analysts predict that Lindblad Expeditions will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

LIND has been the subject of a number of research analyst reports. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $29.00 target price on shares of Lindblad Expeditions in a research report on Thursday, August 6th. Benchmark boosted their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Hold” and a consensus price target of $31.20.

About Lindblad Expeditions

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.