Cubist Systematic Strategies LLC Purchases Shares of 53,744 Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Cubist Systematic Strategies LLC bought a new position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 53,744 shares of the company's stock, valued at approximately $519,000. Cubist Systematic Strategies LLC owned approximately 0.10% of Lindblad Expeditions at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Anchor Capital Management Company LLC increased its position in Lindblad Expeditions by 51.3% in the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company's stock worth $12,788,000 after purchasing an additional 449,098 shares during the period. Virtu Financial LLC acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth approximately $204,000. Renaissance Technologies LLC lifted its holdings in Lindblad Expeditions by 71.1% in the second quarter. Renaissance Technologies LLC now owns 39,700 shares of the company's stock valued at $383,000 after buying an additional 16,500 shares during the period. GSA Capital Partners LLP boosted its stake in Lindblad Expeditions by 241.9% in the first quarter. GSA Capital Partners LLP now owns 48,925 shares of the company's stock valued at $456,000 after acquiring an additional 34,614 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Lindblad Expeditions by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company's stock worth $18,651,000 after acquiring an additional 31,921 shares during the period. 75.94% of the stock is owned by institutional investors.

Lindblad Expeditions Stock Up 2.0 %

Shares of LIND stock opened at $9.76 on Friday. Lindblad Expeditions Holdings, Inc. has a 12-month low of $5.47 and a 12-month high of $11.53. The firm has a fifty day moving average of $9.16 and a 200-day moving average of $8.59. The firm has a market capitalization of $522.48 million, a price-to-earnings ratio of -9.48 and a beta of 3.03.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.24). The business had revenue of $136.50 million during the quarter, compared to analysts' expectations of $137.39 million. Research analysts expect that Lindblad Expeditions Holdings, Inc. will post -0.65 earnings per share for the current year.

Analyst Ratings Changes

LIND has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on Lindblad Expeditions from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. B. Riley increased their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the company a "buy" rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.25.

Insider Buying and Selling

In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the transaction, the insider now owns 58,518 shares of the company's stock, valued at approximately $614,439. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Sven-Olof Lindblad acquired 32,117 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the completion of the acquisition, the chief executive officer now owns 11,825,063 shares in the company, valued at $94,009,250.85. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Noah Brodsky sold 14,344 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the sale, the insider now owns 58,518 shares in the company, valued at $614,439. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders acquired 72,203 shares of company stock valued at $549,922. 34.30% of the stock is owned by corporate insiders.

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.