Virtu Financial LLC purchased a new position in shares of Lindblad Expeditions Holdings Inc (NASDAQ:LIND) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,698 shares of the company’s stock, valued at approximately $178,000.
Several other hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new position in Lindblad Expeditions in the 4th quarter worth approximately $37,000. Legal & General Group Plc increased its stake in Lindblad Expeditions by 27.4% in the 4th 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 period. Strs Ohio purchased a new position in Lindblad Expeditions in the 4th quarter worth approximately $78,000. Metropolitan Life Insurance Co. NY increased its stake in Lindblad Expeditions by 371.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,547 shares of the company’s stock worth $102,000 after purchasing an additional 5,945 shares during the period. Finally, grace capital purchased a new position in Lindblad Expeditions in the 4th quarter worth approximately $188,000. Institutional investors own 59.08% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 8th. Imperial Capital reiterated an “outperform” rating and issued a $21.00 price objective (up from $18.00) on shares of Lindblad Expeditions in a research report on Friday, April 5th. ValuEngine upgraded Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. Finally, TheStreet upgraded Lindblad Expeditions from a “c+” rating to a “b-” rating in a research report on Monday, March 11th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.00.
Shares of NASDAQ LIND traded up $0.27 during mid-day trading on Wednesday, hitting $16.51. 291,737 shares of the stock traded hands, compared to its average volume of 182,524. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.50. Lindblad Expeditions Holdings Inc has a 52 week low of $11.94 and a 52 week high of $16.60. The firm has a market capitalization of $741.03 million, a PE ratio of 68.79 and a beta of 0.04.
Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.08. Lindblad Expeditions had a return on equity of 12.72% and a net margin of 4.80%. The company had revenue of $89.65 million for the quarter, compared to analyst estimates of $95.13 million. On average, research analysts anticipate that Lindblad Expeditions Holdings Inc will post 0.51 earnings per share for the current year.
In other news, insider Trey Byus sold 6,933 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $16.26, for a total value of $112,730.58. Following the completion of the transaction, the insider now owns 209,195 shares in the company, valued at $3,401,510.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 218,070 shares of company stock worth $3,427,357 over the last three months. Corporate insiders own 51.60% of the company’s stock.
Lindblad Expeditions Profile
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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