Silvercrest Asset Management Group LLC Raises Stock Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Silvercrest Asset Management Group LLC boosted its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 29.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 739,108 shares of the company’s stock after purchasing an additional 168,958 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Lindblad Expeditions were worth $8,766,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LIND. ProShare Advisors LLC purchased a new stake in Lindblad Expeditions during the fourth quarter valued at $120,000. Man Group plc bought a new stake in shares of Lindblad Expeditions during the 4th quarter valued at about $374,000. Nuveen Asset Management LLC increased its position in shares of Lindblad Expeditions by 29.0% during the 4th quarter. Nuveen Asset Management LLC now owns 143,895 shares of the company’s stock valued at $1,707,000 after purchasing an additional 32,320 shares during the last quarter. Numerai GP LLC bought a new position in shares of Lindblad Expeditions in the 4th quarter worth approximately $127,000. Finally, Occudo Quantitative Strategies LP boosted its holdings in shares of Lindblad Expeditions by 21.2% in the fourth quarter. Occudo Quantitative Strategies LP now owns 13,762 shares of the company’s stock worth $163,000 after buying an additional 2,409 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th.

Lindblad Expeditions Stock Up 3.4%

Shares of LIND opened at $10.99 on Monday. The business has a 50-day simple moving average of $9.30 and a two-hundred day simple moving average of $11.16. Lindblad Expeditions Holdings, Inc. has a 52 week low of $6.76 and a 52 week high of $14.34. The stock has a market cap of $601.24 million, a price-to-earnings ratio of -14.65 and a beta of 2.65.

Insider Activity

In other news, Director Alex P. Schultz acquired 36,375 shares of Lindblad Expeditions stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $7.97 per share, with a total value of $289,908.75. Following the completion of the purchase, the director now directly owns 283,323 shares in the company, valued at approximately $2,258,084.31. This trade represents a 14.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 34.30% of the company’s stock.

Lindblad Expeditions Profile

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.