Hsbc Holdings PLC Increases Stake in Lindblad Expeditions $LIND

Hsbc Holdings PLC lifted its position in Lindblad Expeditions (NASDAQ:LIND) by 112.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,749 shares of the company’s stock after acquiring an additional 28,505 shares during the quarter. Hsbc Holdings PLC owned 0.08% of Lindblad Expeditions worth $775,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LIND. Osaic Holdings Inc. increased its position in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of Lindblad Expeditions during the fourth quarter valued at approximately $57,000. Royal Bank of Canada boosted its stake in shares of Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares in the last quarter. Finally, State of Wyoming purchased a new position in Lindblad Expeditions during the fourth quarter valued at approximately $136,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LIND has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Benchmark lifted their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Lindblad Expeditions Stock Down 1.2%

Shares of LIND opened at $26.18 on Wednesday. The company has a 50 day moving average of $23.36 and a two-hundred day moving average of $19.75. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $30.00. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -48.48 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. On average, sell-side analysts expect that Lindblad Expeditions will post 0.18 EPS for the current year.

Insider Buying and Selling

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $20.04, for a total value of $70,140.00. Following the completion of the sale, the director owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. This trade represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Elliott Bisnow sold 44,642 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the sale, the director owned 25,872 shares in the company, valued at $626,361.12. The trade was a 63.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 88,602 shares of company stock worth $1,966,009 in the last ninety days. 26.10% of the stock is owned by insiders.

Lindblad Expeditions Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.