Oberweis Asset Management Inc. Purchases Shares of 266,000 Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Oberweis Asset Management Inc. bought a new position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 266,000 shares of the company's stock, valued at approximately $3,155,000. Oberweis Asset Management Inc. owned approximately 0.49% of Lindblad Expeditions as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp raised its position in Lindblad Expeditions by 0.6% in the third quarter. State Street Corp now owns 790,874 shares of the company's stock worth $7,316,000 after acquiring an additional 4,552 shares during the period. Barclays PLC increased its holdings in Lindblad Expeditions by 263.7% during the 3rd quarter. Barclays PLC now owns 60,234 shares of the company's stock worth $557,000 after acquiring an additional 43,671 shares during the period. Geode Capital Management LLC raised its position in shares of Lindblad Expeditions by 1.3% in the third quarter. Geode Capital Management LLC now owns 852,669 shares of the company's stock worth $7,889,000 after buying an additional 11,029 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Lindblad Expeditions by 0.4% during the 3rd 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 during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Lindblad Expeditions by 1.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company's stock worth $15,619,000 after buying an additional 26,647 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Alex P. Schultz acquired 36,375 shares of the stock in a transaction dated Monday, April 21st. The shares were acquired at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the completion of the transaction, the director now directly owns 283,323 shares of the company's stock, valued at approximately $2,258,084.31. The trade was a 14.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 34.30% of the company's stock.

Lindblad Expeditions Stock Performance

Shares of LIND stock traded down $0.04 during mid-day trading on Monday, hitting $8.85. The company's stock had a trading volume of 160,358 shares, compared to its average volume of 304,830. Lindblad Expeditions Holdings, Inc. has a 52-week low of $6.35 and a 52-week high of $14.34. The business has a 50-day moving average price of $9.58 and a 200 day moving average price of $11.14. The stock has a market cap of $483.09 million, a price-to-earnings ratio of -11.80 and a beta of 2.87.

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.