Wells Fargo & Company MN grew its stake in Lindblad Expeditions Holdings Inc (NASDAQ:LIND) by 645.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 343,814 shares of the company’s stock after buying an additional 297,667 shares during the period. Wells Fargo & Company MN owned 0.75% of Lindblad Expeditions worth $6,171,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Aperio Group LLC acquired a new stake in Lindblad Expeditions during the 2nd quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Lindblad Expeditions by 72.4% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,238 shares of the company’s stock worth $40,000 after purchasing an additional 940 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Lindblad Expeditions by 18,404.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock worth $68,000 after purchasing an additional 4,417 shares during the period. Bank of America Corp DE boosted its stake in Lindblad Expeditions by 102.3% during the 4th quarter. Bank of America Corp DE now owns 14,070 shares of the company’s stock worth $190,000 after purchasing an additional 7,116 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Lindblad Expeditions during the 2nd quarter worth $398,000. Institutional investors and hedge funds own 55.64% of the company’s stock.

LIND has been the subject of a number of recent research reports. ValuEngine cut shares of Lindblad Expeditions from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of Lindblad Expeditions from a “buy” rating to a “sell” rating in a research note on Wednesday, August 7th. Imperial Capital restated an “outperform” rating and set a $22.00 price objective (up previously from $21.00) on shares of Lindblad Expeditions in a research report on Tuesday, August 6th. Deutsche Bank restated a “hold” rating and set a $15.00 price objective on shares of Lindblad Expeditions in a research report on Sunday, August 4th. Finally, Sidoti downgraded shares of Lindblad Expeditions from a “buy” rating to a “neutral” rating and set a $19.00 price objective for the company. in a research report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.40.

Lindblad Expeditions stock traded down $0.09 during trading hours on Monday, reaching $17.91. 507 shares of the stock were exchanged, compared to its average volume of 152,980. The stock has a market cap of $856.58 million, a P/E ratio of 74.46 and a beta of 0.18. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.83 and a current ratio of 0.84. Lindblad Expeditions Holdings Inc has a 52-week low of $11.98 and a 52-week high of $19.29. The firm’s 50 day moving average is $18.59 and its 200 day moving average is $16.87.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The firm had revenue of $76.66 million for the quarter, compared to analysts’ expectations of $79.58 million. Lindblad Expeditions had a return on equity of 12.98% and a net margin of 4.96%. Equities research analysts expect that Lindblad Expeditions Holdings Inc will post 0.51 EPS for the current fiscal year.

In other Lindblad Expeditions news, Director L. Dyson Dryden sold 92,032 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $18.60, for a total transaction of $1,711,795.20. Following the completion of the transaction, the director now owns 1,522,114 shares in the company, valued at approximately $28,311,320.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have sold 203,466 shares of company stock valued at $3,744,637. 50.20% of the stock is owned by insiders.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.

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

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