Monarch Partners Asset Management LLC decreased its holdings in shares of Lindblad Expeditions Holdings Inc (NASDAQ:LIND) by 41.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,880 shares of the company’s stock after selling 26,480 shares during the quarter. Monarch Partners Asset Management LLC’s holdings in Lindblad Expeditions were worth $563,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. ValueAct Holdings L.P. bought a new stake in Lindblad Expeditions during the 2nd quarter valued at approximately $22,409,000. BlackRock Inc. boosted its stake in Lindblad Expeditions by 30.8% during the 2nd quarter. BlackRock Inc. now owns 1,357,199 shares of the company’s stock valued at $17,983,000 after purchasing an additional 319,807 shares during the period. Royce & Associates LP boosted its stake in Lindblad Expeditions by 7.8% during the 2nd quarter. Royce & Associates LP now owns 878,326 shares of the company’s stock valued at $11,638,000 after purchasing an additional 63,310 shares during the period. Renaissance Technologies LLC boosted its stake in Lindblad Expeditions by 184.3% during the 2nd quarter. Renaissance Technologies LLC now owns 737,200 shares of the company’s stock valued at $9,768,000 after purchasing an additional 477,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Lindblad Expeditions by 38.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 646,051 shares of the company’s stock valued at $8,560,000 after purchasing an additional 179,014 shares during the period. Hedge funds and other institutional investors own 52.57% of the company’s stock.
Lindblad Expeditions stock opened at $13.49 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 1.65. The company has a market capitalization of $610.79 million, a price-to-earnings ratio of 49.41 and a beta of 0.47. Lindblad Expeditions Holdings Inc has a 12 month low of $8.66 and a 12 month high of $15.88.
Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Friday, November 2nd. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The business had revenue of $87.24 million during the quarter, compared to analysts’ expectations of $91.26 million. As a group, analysts expect that Lindblad Expeditions Holdings Inc will post 0.23 earnings per share for the current fiscal year.
Several brokerages recently weighed in on LIND. Deutsche Bank increased their target price on Lindblad Expeditions from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Monday. BidaskClub downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, August 7th. Finally, Imperial Capital increased their target price on Lindblad Expeditions from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday, August 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $13.75.
In other Lindblad Expeditions news, insider Trey Byus sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $15.40, for a total value of $154,000.00. Following the completion of the transaction, the insider now owns 356,607 shares of the company’s stock, valued at approximately $5,491,747.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 155,750 shares of company stock valued at $2,234,053. Insiders own 51.60% of the company’s stock.
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About Lindblad Expeditions
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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