Ameriprise Financial Inc. Has $1.73 Million Stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Ameriprise Financial Inc. lowered its position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 43.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 146,237 shares of the company's stock after selling 110,632 shares during the period. Ameriprise Financial Inc. owned 0.27% of Lindblad Expeditions worth $1,734,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Manchester Capital Management LLC increased its holdings in Lindblad Expeditions by 91.3% during the 4th 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 in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Lindblad Expeditions in the fourth quarter valued at $38,000. KLP Kapitalforvaltning AS bought a new position in shares of Lindblad Expeditions in the fourth quarter valued at about $110,000. NewEdge Advisors LLC bought a new position in shares of Lindblad Expeditions in the fourth quarter valued at about $121,000. Finally, Envestnet Asset Management Inc. acquired a new position in Lindblad Expeditions during the 4th quarter worth about $150,000. 75.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In other Lindblad Expeditions news, Director Alex P. Schultz acquired 36,375 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were acquired 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 directly owns 283,323 shares of the company's stock, valued at approximately $2,258,084.31. This represents a 14.73% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 34.30% of the company's stock.

Lindblad Expeditions Trading Down 1.1%

Shares of LIND traded down $0.12 during trading hours on Wednesday, hitting $10.81. 296,208 shares of the stock traded hands, compared to its average volume of 305,381. The business has a fifty day moving average of $9.38 and a 200-day moving average of $11.00. The firm has a market capitalization of $591.39 million, a PE 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.

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.