Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 71.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 499,873 shares of the company's stock after purchasing an additional 207,581 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.92% of Lindblad Expeditions worth $5,928,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rhumbline Advisers boosted its stake in shares of Lindblad Expeditions by 2.4% in the fourth quarter. Rhumbline Advisers now owns 50,598 shares of the company's stock valued at $600,000 after purchasing an additional 1,167 shares during the period. Manchester Capital Management LLC raised its holdings in Lindblad Expeditions by 91.3% in the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock valued at $34,000 after acquiring an additional 1,360 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Lindblad Expeditions by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 97,460 shares of the company's stock valued at $1,156,000 after acquiring an additional 1,410 shares in the last quarter. Assetmark Inc. raised its holdings in Lindblad Expeditions by 49.6% in the third quarter. Assetmark Inc. now owns 5,191 shares of the company's stock valued at $48,000 after acquiring an additional 1,722 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in Lindblad Expeditions by 0.4% in the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company's stock valued at $7,903,000 after acquiring an additional 3,016 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

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Lindblad Expeditions Stock Performance

LIND stock traded up $0.27 during midday trading on Wednesday, reaching $10.26. 186,521 shares of the company were exchanged, compared to its average volume of 288,749. Lindblad Expeditions Holdings, Inc. has a 1-year low of $6.35 and a 1-year high of $14.34. The stock's 50-day simple moving average is $11.70 and its 200 day simple moving average is $11.31. The company has a market cap of $560.05 million, a price-to-earnings ratio of -13.68 and a beta of 3.12.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Lindblad Expeditions currently has an average rating of "Moderate Buy" and an average target price of $14.25.

Lindblad Expeditions Profile

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.