Mackenzie Financial Corp Makes New $541,000 Investment in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Mackenzie Financial Corp purchased a new stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 45,640 shares of the company's stock, valued at approximately $541,000. Mackenzie Financial Corp owned approximately 0.08% of Lindblad Expeditions at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LIND. Penn Capital Management Company LLC acquired a new stake in Lindblad Expeditions in the 4th quarter valued at approximately $5,335,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Lindblad Expeditions during the 4th quarter worth about $4,610,000. New York State Common Retirement Fund lifted 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 worth $3,926,000 after acquiring an additional 321,830 shares during the period. Portolan Capital Management LLC lifted its stake in shares of Lindblad Expeditions by 109.9% in the 4th 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. Finally, Oberweis Asset Management Inc. acquired a new position in shares of Lindblad Expeditions during the fourth quarter valued at approximately $3,155,000. 75.94% of the stock is currently owned by institutional investors.

Insider Activity

In other Lindblad Expeditions news, Director Alex P. Schultz acquired 36,375 shares of the business's stock in a transaction on Monday, April 21st. The stock was purchased at an average price of $7.97 per share, for a total transaction of $289,908.75. Following the transaction, the director now owns 283,323 shares in the company, valued at $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 is available through the SEC website. Corporate insiders own 34.30% of the company's stock.

Lindblad Expeditions Price Performance

LIND traded down $0.12 on Wednesday, hitting $10.81. The company had a trading volume of 296,208 shares, compared to its average volume of 305,284. The stock has a market cap of $591.39 million, a price-to-earnings ratio of -14.41 and a beta of 2.65. Lindblad Expeditions Holdings, Inc. has a 1-year low of $6.76 and a 1-year high of $14.34. The company's fifty day moving average price is $9.36 and its 200 day moving average price is $11.00.

Wall Street Analyst Weigh In

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

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.