Ariel Investments LLC Has $87.01 Million Stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Ariel Investments LLC reduced its stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,336,722 shares of the company's stock after selling 717,068 shares during the quarter. Ariel Investments LLC owned 13.46% of Lindblad Expeditions worth $87,014,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LIND. Barclays PLC raised its holdings in shares of Lindblad Expeditions by 263.7% in the 3rd quarter. Barclays PLC now owns 60,234 shares of the company's stock worth $557,000 after buying an additional 43,671 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Lindblad Expeditions by 59.4% in the fourth quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company's stock valued at $6,099,000 after purchasing an additional 191,546 shares during the last quarter. Villere ST Denis J & Co. LLC bought a new stake in shares of Lindblad Expeditions in the fourth quarter worth about $238,000. New York State Common Retirement Fund raised its stake in shares of Lindblad Expeditions by 3,496.6% in the 4th quarter. New York State Common Retirement Fund now owns 331,034 shares of the company's stock valued at $3,926,000 after purchasing an additional 321,830 shares during the period. Finally, Black Diamond Financial LLC boosted its stake in shares of Lindblad Expeditions by 4.0% during the 4th quarter. Black Diamond Financial LLC now owns 940,912 shares of the company's stock worth $11,159,000 after buying an additional 36,460 shares during the last quarter. Institutional investors own 75.94% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Wednesday.

Insider Transactions at Lindblad Expeditions

In other news, Director Alex P. Schultz bought 36,375 shares of the company's stock in a transaction on Monday, April 21st. The stock was purchased at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the completion of the transaction, the director now owns 283,323 shares of the company's stock, valued at $2,258,084.31. This trade represents a 14.73 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 34.30% of the company's stock.

Lindblad Expeditions Price Performance

LIND stock traded up $0.95 during trading on Thursday, reaching $10.58. 301,923 shares of the company were exchanged, compared to its average volume of 302,630. Lindblad Expeditions Holdings, Inc. has a twelve month low of $6.76 and a twelve month high of $14.34. The company has a market capitalization of $577.52 million, a price-to-earnings ratio of -14.11 and a beta of 2.65. The company has a 50-day moving average of $9.29 and a two-hundred day moving average of $11.10.

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.