Vanguard Group Inc. Sells 49,642 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Vanguard Group Inc. trimmed its holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,215,723 shares of the company's stock after selling 49,642 shares during the period. Vanguard Group Inc. owned 4.07% of Lindblad Expeditions worth $26,278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Manchester Capital Management LLC raised its holdings in Lindblad Expeditions by 91.3% in the 4th 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. New York State Teachers Retirement System bought a new position in shares of Lindblad Expeditions in the fourth quarter worth about $38,000. KLP Kapitalforvaltning AS bought a new stake in shares of Lindblad Expeditions during the 4th quarter valued at approximately $110,000. Simon Quick Advisors LLC bought a new position in Lindblad Expeditions in the 4th quarter valued at approximately $126,000. Finally, Olympiad Research LP acquired a new stake in Lindblad Expeditions in the fourth quarter valued at approximately $156,000. 75.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Lindblad Expeditions Stock Up 0.8 %

Shares of NASDAQ LIND traded up $0.06 during trading on Friday, reaching $7.98. The company had a trading volume of 178,171 shares, compared to its average volume of 307,910. The company's fifty day moving average price is $10.19 and its 200-day moving average price is $11.15. The stock has a market cap of $435.60 million, a P/E ratio of -10.64 and a beta of 2.87. Lindblad Expeditions Holdings, Inc. has a 12 month low of $6.35 and a 12 month high of $14.34.

About Lindblad Expeditions

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.