Calamos Advisors LLC Sells 58,379 Shares of Lindblad Expeditions $LIND

Key Points

• Calamos Advisors cut its Lindblad Expeditions stake by 66.2% in the third quarter, selling 58,379 shares and retaining 29,782 shares valued at about $936,000.
• Lindblad reported quarterly EPS of $0.36, slightly above the $0.35 consensus, and revenue of $269.15 million versus expectations of $263.54 million.
• Analysts’ average rating was Hold, with an average price target of $32.50; the stock opened at $35.70.

Calamos Advisors LLC trimmed its holdings in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 66.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,782 shares of the company's stock after selling 58,379 shares during the quarter. Calamos Advisors LLC's holdings in Lindblad Expeditions were worth $936,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new position in Lindblad Expeditions in the second quarter valued at approximately $25,000. GAMMA Investing LLC boosted its holdings in shares of Lindblad Expeditions by 35.3% in the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock valued at $39,000 after buying an additional 326 shares during the period. Allworth Financial LP bought a new stake in shares of Lindblad Expeditions during the second quarter worth $38,000. Sterling Capital Management LLC increased its position in shares of Lindblad Expeditions by 846.0% during the third quarter. Sterling Capital Management LLC now owns 1,665 shares of the company's stock worth $52,000 after acquiring an additional 1,489 shares in the last quarter. Finally, Silvant Capital Management LLC bought a new stake in shares of Lindblad Expeditions during the second quarter worth $58,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Stock Performance

NASDAQ LIND opened at $35.70 on Tuesday. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of -1,785.00 and a beta of 2.27. The stock's 50 day moving average price is $31.65 and its two-hundred day moving average price is $24.94. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $38.85.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates of $0.35 by $0.01. The firm had revenue of $269.15 million during the quarter, compared to the consensus estimate of $263.54 million. Lindblad Expeditions had a negative return on equity of 2.74% and a net margin of 0.67%. On average, equities research analysts forecast that Lindblad Expeditions will post 0.17 EPS for the current year.

Insider Activity

In other news, Director Sven-Olof Lindblad sold 66,872 shares of the business's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $36.95, for a total value of $2,470,920.40. Following the sale, the director owned 9,937,202 shares of the company's stock, valued at $367,179,613.90. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 750,000 shares of company stock valued at $26,532,349 in the last 90 days. 26.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LIND. Zacks Research lowered shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a report on Thursday, November 5th. Jefferies Financial Group upped their target price on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a "hold" rating in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 target price on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Finally, Wall Street Zen downgraded Lindblad Expeditions from a "buy" rating to a "hold" rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Lindblad Expeditions has an average rating of "Hold" and an average target price of $32.50.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc operates expedition cruises and nature-focused travel experiences through Lindblad Expeditions and its land-based travel business, Natural Habitat Adventures. Its trips emphasize wildlife, ecosystems and cultural exploration, with small ships and guided excursions designed to reach destinations that are less accessible to larger vessels.

The company's itineraries include destinations such as Antarctica, the Arctic, the Galápagos Islands, Alaska and Baja California, as well as other regions around the world.

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