Granite Investment Partners LLC purchased a new position in Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) during the second quarter, Holdings Channel reports. The institutional investor purchased 250,566 shares of the company’s stock, valued at approximately $2,631,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Lindblad Expeditions Holdings by 1.0% in the first quarter. Vanguard Group Inc. now owns 852,998 shares of the company’s stock worth $7,643,000 after buying an additional 8,224 shares during the period. Royce & Associates LP increased its position in Lindblad Expeditions Holdings by 13.6% in the first quarter. Royce & Associates LP now owns 833,600 shares of the company’s stock valued at $7,469,000 after buying an additional 100,000 shares during the period. Epoch Investment Partners Inc. bought a new position in Lindblad Expeditions Holdings during the first quarter valued at $3,735,000. Russell Investments Group Ltd. increased its position in Lindblad Expeditions Holdings by 8.0% in the second quarter. Russell Investments Group Ltd. now owns 203,056 shares of the company’s stock valued at $2,132,000 after buying an additional 15,056 shares during the period. Finally, Geode Capital Management LLC increased its position in Lindblad Expeditions Holdings by 4.9% in the first quarter. Geode Capital Management LLC now owns 162,053 shares of the company’s stock valued at $1,451,000 after buying an additional 7,501 shares during the period. Hedge funds and other institutional investors own 45.30% of the company’s stock.

Lindblad Expeditions Holdings Inc. (NASDAQ LIND) opened at 10.10 on Friday. The stock’s market capitalization is $455.17 million. The company’s 50-day moving average price is $10.14 and its 200 day moving average price is $9.47. Lindblad Expeditions Holdings Inc. has a 52-week low of $7.75 and a 52-week high of $10.73.

Lindblad Expeditions Holdings (NASDAQ:LIND) last posted its quarterly earnings results on Thursday, August 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.02. Lindblad Expeditions Holdings had a negative net margin of 1.30% and a positive return on equity of 0.87%. The company had revenue of $55.57 million for the quarter, compared to analyst estimates of $50.84 million. On average, equities research analysts predict that Lindblad Expeditions Holdings Inc. will post $0.14 earnings per share for the current fiscal year.

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Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Lindblad Expeditions Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Imperial Capital assumed coverage on Lindblad Expeditions Holdings in a research report on Tuesday, April 18th. They set an “outperform” rating and a $12.00 target price on the stock. Deutsche Bank AG reiterated a “hold” rating and set a $10.00 target price (up from $9.50) on shares of Lindblad Expeditions Holdings in a research report on Wednesday. BidaskClub downgraded Lindblad Expeditions Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $11.00 target price (down from $11.50) on shares of Lindblad Expeditions Holdings in a research report on Saturday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Lindblad Expeditions Holdings presently has a consensus rating of “Hold” and a consensus price target of $11.20.

In other Lindblad Expeditions Holdings news, COO Ian Rogers sold 11,779 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $9.50, for a total value of $111,900.50. Following the sale, the chief operating officer now directly owns 295,029 shares of the company’s stock, valued at $2,802,775.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 117,606 shares of company stock worth $1,168,206. 50.10% of the stock is owned by corporate insiders.

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Institutional Ownership by Quarter for Lindblad Expeditions Holdings (NASDAQ:LIND)

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