Lindblad Expeditions $LIND Shares Newly Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC bought a new stake in Lindblad Expeditions (NASDAQ:LIND) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 29,428 shares of the company’s stock, valued at approximately $925,000.

Several other hedge funds have also made changes to their positions in the stock. Sterling Capital Management LLC grew its position in Lindblad Expeditions by 846.0% during the third quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock worth $52,000 after buying an additional 1,489 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in Lindblad Expeditions by 8.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock valued at $27,163,000 after acquiring an additional 64,185 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Lindblad Expeditions by 20.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock valued at $103,000 after acquiring an additional 562 shares in the last quarter. Krilogy Financial LLC raised its holdings in Lindblad Expeditions by 23.3% in the 3rd quarter. Krilogy Financial LLC now owns 9,562 shares of the company’s stock valued at $301,000 after acquiring an additional 1,805 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Lindblad Expeditions by 35.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock worth $39,000 after acquiring an additional 326 shares during the period. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Down 2.9%

NASDAQ:LIND opened at $34.24 on Friday. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $36.97. The firm has a market capitalization of $2.25 billion, a PE ratio of -90.11 and a beta of 2.24. The firm has a 50-day moving average price of $30.76 and a 200 day moving average price of $26.49.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The firm had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. On average, research analysts expect that Lindblad Expeditions will post 0.22 EPS for the current year.

Insider Activity

In related news, Director Sven-Olof Lindblad sold 97,470 shares of the firm’s stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $36.23, for a total transaction of $3,531,338.10. Following the completion of the transaction, the director owned 10,351,502 shares in the company, valued at $375,034,917.46. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 403,674 shares of company stock valued at $14,251,844. Corporate insiders own 26.10% of the company’s stock.

Wall Street Analyst Weigh In

LIND has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a research report on Monday, June 29th. Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a research note on Tuesday, August 4th. Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Jefferies Financial Group lifted their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a research note on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.50.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.