Raymond James Financial Inc. Makes New $2.42 Million Investment in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Raymond James Financial Inc. purchased a new position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 203,600 shares of the company's stock, valued at approximately $2,415,000. Raymond James Financial Inc. owned about 0.37% of Lindblad Expeditions at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LIND. New York State Common Retirement Fund grew its holdings in shares of Lindblad Expeditions by 3,496.6% in the fourth quarter. New York State Common Retirement Fund now owns 331,034 shares of the company's stock worth $3,926,000 after purchasing an additional 321,830 shares during the last quarter. Portolan Capital Management LLC purchased a new position in shares of Lindblad Expeditions in the third quarter valued at about $2,399,000. JPMorgan Chase & Co. raised its stake in shares of Lindblad Expeditions by 66.3% during the third quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company's stock valued at $2,985,000 after acquiring an additional 128,610 shares during the last quarter. PDT Partners LLC purchased a new stake in shares of Lindblad Expeditions during the third quarter worth about $556,000. Finally, Barclays PLC grew its stake in shares of Lindblad Expeditions by 263.7% in the third quarter. Barclays PLC now owns 60,234 shares of the company's stock worth $557,000 after purchasing an additional 43,671 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Stock Down 0.1 %

Shares of LIND traded down $0.01 during trading hours on Wednesday, reaching $9.57. 338,289 shares of the company traded hands, compared to its average volume of 299,579. Lindblad Expeditions Holdings, Inc. has a 12 month low of $6.35 and a 12 month high of $14.34. The company has a market capitalization of $522.39 million, a price-to-earnings ratio of -12.76 and a beta of 3.12. The company's fifty day moving average price is $11.29 and its two-hundred day moving average price is $11.34.

Remove Ads

Analyst Ratings Changes

Separately, StockNews.com lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.25.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.