Brasada Capital Management LP acquired a new position in Lindblad Expeditions Holdings Inc (NASDAQ:LIND) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 79,972 shares of the company’s stock, valued at approximately $1,220,000.
Several other large investors have also recently made changes to their positions in the company. Legal & General Group Plc raised its stake in shares of Lindblad Expeditions by 27.4% in the fourth quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock worth $57,000 after purchasing an additional 921 shares during the last quarter. Sawgrass Asset Management LLC raised its stake in shares of Lindblad Expeditions by 10.4% in the fourth quarter. Sawgrass Asset Management LLC now owns 16,465 shares of the company’s stock worth $222,000 after purchasing an additional 1,550 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Lindblad Expeditions in the fourth quarter worth about $37,000. BNP Paribas Arbitrage SA raised its stake in shares of Lindblad Expeditions by 18,404.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock worth $68,000 after purchasing an additional 4,417 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Lindblad Expeditions by 5.4% in the fourth quarter. Bank of New York Mellon Corp now owns 87,384 shares of the company’s stock worth $1,176,000 after purchasing an additional 4,484 shares during the last quarter. Hedge funds and other institutional investors own 59.08% of the company’s stock.
Lindblad Expeditions stock opened at $16.04 on Wednesday. The stock has a market cap of $729.58 million, a P/E ratio of 66.83 and a beta of 0.04. Lindblad Expeditions Holdings Inc has a 52 week low of $11.80 and a 52 week high of $16.60. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50.
In related news, insider Trey Byus sold 6,933 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $16.26, for a total transaction of $112,730.58. Following the sale, the insider now directly owns 209,195 shares of the company’s stock, valued at $3,401,510.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 218,070 shares of company stock worth $3,427,357. 51.60% of the stock is owned by corporate insiders.
Several analysts recently commented on the company. BidaskClub raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Imperial Capital reaffirmed an “outperform” rating and set a $21.00 target price (up from $18.00) on shares of Lindblad Expeditions in a report on Friday, April 5th. Zacks Investment Research raised Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday, March 6th. TheStreet raised Lindblad Expeditions from a “c+” rating to a “b-” rating in a report on Monday, March 11th. Finally, ValuEngine raised Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $17.00.
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About Lindblad Expeditions
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.
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