Summit Global Investments Takes $296,000 Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Summit Global Investments bought a new stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 24,950 shares of the company's stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIND. Manchester Capital Management LLC grew its position in Lindblad Expeditions by 91.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock valued at $34,000 after purchasing an additional 1,360 shares during the last quarter. New York State Teachers Retirement System bought a new stake in shares of Lindblad Expeditions in the 4th quarter worth $38,000. Quantbot Technologies LP raised its stake in shares of Lindblad Expeditions by 307.7% in the third quarter. Quantbot Technologies LP now owns 8,044 shares of the company's stock worth $74,000 after purchasing an additional 6,071 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Lindblad Expeditions during the third quarter valued at $122,000. Finally, Simon Quick Advisors LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter valued at $126,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Price Performance

Lindblad Expeditions stock traded down $0.74 during mid-day trading on Friday, reaching $9.53. 248,467 shares of the stock traded hands, compared to its average volume of 298,662. Lindblad Expeditions Holdings, Inc. has a 12-month low of $6.35 and a 12-month high of $14.34. The business's 50-day moving average is $11.44 and its 200-day moving average is $11.33. The stock has a market capitalization of $520.20 million, a PE ratio of -12.71 and a beta of 3.12.

Remove Ads

Wall Street Analysts Forecast Growth

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 assigned a buy rating to the company's stock. According to MarketBeat, Lindblad Expeditions presently has an average rating of "Moderate Buy" and a consensus price target of $14.25.

Lindblad Expeditions Company 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.