Algert Global LLC Has $2.20 Million Stock Position in Lindblad Expeditions $LIND

Key Points

• Algert Global cut its Lindblad Expeditions stake by 63.1% in the second quarter, selling 132,944 shares and retaining 77,755 shares worth approximately $2.20 million.
• Lindblad reported quarterly revenue of $199.25 million and an adjusted loss of $0.02 per share, beating analyst expectations for $185.86 million in revenue and a $0.10 loss.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $31.20; shares recently traded near $29.59 after rising substantially from their one-year low.

Algert Global LLC reduced its stake in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 63.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,755 shares of the company's stock after selling 132,944 shares during the quarter. Algert Global LLC owned 0.12% of Lindblad Expeditions worth $2,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Graham Capital Management L.P. grew its holdings in shares of Lindblad Expeditions by 2.4% in the 4th quarter. Graham Capital Management L.P. now owns 24,763 shares of the company's stock worth $357,000 after purchasing an additional 590 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Lindblad Expeditions by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company's stock valued at $198,000 after buying an additional 1,037 shares in the last quarter. Deutsche Bank AG boosted its position in Lindblad Expeditions by 4.0% in the fourth quarter. Deutsche Bank AG now owns 29,521 shares of the company's stock valued at $426,000 after buying an additional 1,140 shares in the last quarter. Aristides Capital LLC grew its stake in Lindblad Expeditions by 4.7% during the fourth quarter. Aristides Capital LLC now owns 26,180 shares of the company's stock worth $378,000 after buying an additional 1,180 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Lindblad Expeditions by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company's stock worth $168,000 after buying an additional 1,222 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Michael Elliott Bisnow sold 44,642 shares of the firm's stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares in the company, valued at $626,361.12. This trade represents a 63.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 26.10% of the stock is owned by corporate insiders.

Lindblad Expeditions Trading Down 1.6%

Shares of NASDAQ:LIND opened at $29.59 on Friday. The stock has a market capitalization of $1.94 billion, a P/E ratio of -77.87 and a beta of 2.24. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $35.00. The business has a 50-day moving average price of $29.44 and a two-hundred day moving average price of $23.15.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.08. The company had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. As a group, equities analysts predict that Lindblad Expeditions will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LIND. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Benchmark boosted their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a report on Monday, June 29th. Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Deutsche Bank Aktiengesellschaft set a $29.00 price target on Lindblad Expeditions in a report on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $31.20.

Lindblad Expeditions Profile

Lindblad Expeditions NASDAQ: LIND is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world's most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica's rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.

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