Bank of America Corp DE Acquires 43,824 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Bank of America Corp DE grew its stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 83.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 96,117 shares of the company's stock after buying an additional 43,824 shares during the period. Bank of America Corp DE owned 0.18% of Lindblad Expeditions worth $1,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of LIND. Manchester Capital Management LLC raised its holdings in shares of Lindblad Expeditions by 91.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock valued at $34,000 after acquiring an additional 1,360 shares during the period. New York State Teachers Retirement System bought a new position in shares of Lindblad Expeditions in the fourth quarter valued at about $38,000. KLP Kapitalforvaltning AS bought a new stake in shares of Lindblad Expeditions during the fourth quarter worth $110,000. NewEdge Advisors LLC bought a new stake in shares of Lindblad Expeditions during the 4th quarter valued at $121,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Lindblad Expeditions in the 4th quarter valued at about $150,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Friday. Craig Hallum set a $16.00 target price on Lindblad Expeditions and gave the company a "buy" rating in a research report on Friday, May 23rd.

Lindblad Expeditions Price Performance

Shares of Lindblad Expeditions stock traded up $0.06 on Friday, reaching $10.98. 162,426 shares of the company traded hands, compared to its average volume of 305,297. The firm has a market capitalization of $600.69 million, a PE ratio of -14.64 and a beta of 2.65. Lindblad Expeditions Holdings, Inc. has a 52 week low of $6.76 and a 52 week high of $14.34. The company has a 50 day moving average of $9.44 and a 200 day moving average of $10.97.

Insider Activity

In related news, Director Alex P. Schultz acquired 36,375 shares of the firm's stock in a transaction on Monday, April 21st. The stock was acquired at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the acquisition, 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. Corporate insiders own 34.30% of the company's stock.

About Lindblad Expeditions

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.