Man Group plc Purchases Shares of 31,560 Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Man Group plc acquired a new position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 31,560 shares of the company's stock, valued at approximately $374,000. Man Group plc owned 0.06% of Lindblad Expeditions as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Anchor Capital Management Company LLC grew its position in Lindblad Expeditions by 6.9% in the fourth quarter. Anchor Capital Management Company LLC now owns 1,529,089 shares of the company's stock worth $18,135,000 after acquiring an additional 98,514 shares during the period. Black Diamond Financial LLC grew its position in Lindblad Expeditions by 4.0% in the fourth quarter. Black Diamond Financial LLC now owns 940,912 shares of the company's stock worth $11,159,000 after acquiring an additional 36,460 shares during the period. Portolan Capital Management LLC grew its position in Lindblad Expeditions by 109.9% in the fourth quarter. Portolan Capital Management LLC now owns 544,273 shares of the company's stock worth $6,455,000 after acquiring an additional 284,930 shares during the period. JPMorgan Chase & Co. grew its position in Lindblad Expeditions by 59.4% in the fourth quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company's stock worth $6,099,000 after acquiring an additional 191,546 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Lindblad Expeditions by 71.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,873 shares of the company's stock worth $5,928,000 after acquiring an additional 207,581 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on LIND shares. Craig Hallum set a $16.00 price target on Lindblad Expeditions and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th.

Insider Activity at Lindblad Expeditions

In related 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 purchased at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the completion of the acquisition, the director now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 34.30% of the stock is currently owned by company insiders.

Lindblad Expeditions Stock Performance

Shares of LIND traded up $0.09 during midday trading on Friday, hitting $10.58. 276,466 shares of the stock were exchanged, compared to its average volume of 306,341. Lindblad Expeditions Holdings, Inc. has a 52-week low of $6.76 and a 52-week high of $14.34. The stock has a fifty day simple moving average of $9.34 and a 200 day simple moving average of $11.04. The firm has a market cap of $578.81 million, a P/E ratio of -14.11 and a beta of 2.65.

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.