Brasada Capital Management LP Acquires Shares of 79,972 Lindblad Expeditions Holdings Inc (LIND)

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.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, May 2nd. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The firm had revenue of $89.65 million for the quarter, compared to analyst estimates of $95.13 million. Lindblad Expeditions had a return on equity of 12.72% and a net margin of 4.80%. Research analysts anticipate that Lindblad Expeditions Holdings Inc will post 0.51 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Lindblad Expeditions (NASDAQ:LIND)

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