Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 104.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 292,292 shares of the company's stock after purchasing an additional 149,409 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.54% of Lindblad Expeditions worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of LIND. Assetmark Inc. raised its holdings in Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company's stock valued at $48,000 after acquiring an additional 1,722 shares during the period. Price T Rowe Associates Inc. MD bought a new stake in shares of Lindblad Expeditions during the 1st quarter valued at $95,000. Arizona State Retirement System purchased a new stake in Lindblad Expeditions during the 2nd quarter worth about $101,000. SG Americas Securities LLC purchased a new stake in Lindblad Expeditions during the 3rd quarter worth about $139,000. Finally, Semanteon Capital Management LP bought a new position in Lindblad Expeditions in the 3rd quarter worth about $222,000. 75.94% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, insider Noah Brodsky sold 14,344 shares of the firm's stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total transaction of $150,612.00. Following the transaction, the insider now directly owns 58,518 shares of the company's stock, valued at approximately $614,439. This trade represents a 19.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 34.30% of the company's stock.
Lindblad Expeditions Stock Performance
Lindblad Expeditions stock traded down $0.03 during mid-day trading on Monday, hitting $12.82. 201,521 shares of the company traded hands, compared to its average volume of 291,256. Lindblad Expeditions Holdings, Inc. has a one year low of $6.35 and a one year high of $14.34. The stock has a market cap of $698.69 million, a price-to-earnings ratio of -17.09 and a beta of 3.02. The stock has a fifty day moving average price of $10.63 and a 200-day moving average price of $9.33.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. B. Riley increased their price target on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a "buy" rating in a report on Friday, August 23rd. Stifel Nicolaus lowered their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Craig Hallum boosted their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $14.25.
View Our Latest Stock Analysis on Lindblad Expeditions
About Lindblad Expeditions
(
Free Report)
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.
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