Penn Capital Management Company LLC Invests $5.34 Million in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Penn Capital Management Company LLC acquired a new stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 449,796 shares of the company's stock, valued at approximately $5,335,000. Penn Capital Management Company LLC owned 0.83% of Lindblad Expeditions as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Manchester Capital Management LLC boosted its stake in shares of Lindblad Expeditions by 91.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock valued at $34,000 after purchasing an additional 1,360 shares during the period. New York State Teachers Retirement System purchased a new stake in Lindblad Expeditions in the 4th quarter valued at about $38,000. KLP Kapitalforvaltning AS bought a new position in Lindblad Expeditions in the 4th quarter worth about $110,000. NewEdge Advisors LLC bought a new position in Lindblad Expeditions in the 4th quarter worth about $121,000. Finally, Simon Quick Advisors LLC purchased a new position in shares of Lindblad Expeditions during the fourth quarter worth approximately $126,000. Institutional investors own 75.94% of the company's stock.

Lindblad Expeditions Stock Performance

LIND stock traded down $0.07 during trading on Tuesday, reaching $8.78. 68,305 shares of the company traded hands, compared to its average volume of 320,012. The business has a 50 day simple moving average of $9.58 and a 200 day simple moving average of $11.14. Lindblad Expeditions Holdings, Inc. has a 12 month low of $6.35 and a 12 month high of $14.34. The company has a market capitalization of $479.27 million, a price-to-earnings ratio of -11.71 and a beta of 2.87.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Monday, March 3rd.

Insider Activity

In other news, Director Alex P. Schultz bought 36,375 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was bought at an average price of $7.97 per share, with a total value of $289,908.75. Following the completion of the transaction, the director now directly owns 283,323 shares of the company's stock, valued at approximately $2,258,084.31. The trade was a 14.73 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 34.30% of the company's stock.

Lindblad Expeditions Company 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.