Deutsche Bank AG Acquires New Stake in Lindblad Expeditions $LIND

Key Points

• Deutsche Bank acquired 51,944 Lindblad Expeditions shares in the second quarter, valued at approximately $1.47 million and representing about 0.08% of the company. Institutional investors collectively own 75.94% of LIND.
• Analyst sentiment remains mixed: four analysts rate the stock Buy, three Hold, and one Sell. The average rating is Hold, with an average price target of $31.20 versus a recent price of $29.59.
• Lindblad reported a quarterly loss of $0.02 per share, beating estimates, while revenue of $199.25 million exceeded expectations. Separately, director Michael Elliott Bisnow sold 44,642 shares for roughly $1.08 million.

Deutsche Bank AG bought a new position in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,944 shares of the company's stock, valued at approximately $1,467,000. Deutsche Bank AG owned approximately 0.08% of Lindblad Expeditions as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LIND. Osaic Holdings Inc. boosted its position in shares of Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company's stock valued at $41,000 after acquiring an additional 1,322 shares during the last quarter. State of Wyoming bought a new position in shares of Lindblad Expeditions in the second quarter worth approximately $109,000. Kemnay Advisory Services Inc. bought a new position in shares of Lindblad Expeditions in the fourth quarter worth approximately $57,000. Royal Bank of Canada raised its stake in Lindblad Expeditions by 127.1% in the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company's stock valued at $65,000 after purchasing an additional 2,515 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company's stock valued at $56,000 after purchasing an additional 3,311 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the company's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares in the company, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 26.10% of the stock is currently owned by insiders.

Lindblad Expeditions Price Performance

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 one year low of $11.37 and a one year high of $35.00. The firm's 50 day simple moving average is $29.44 and its two-hundred day simple moving average is $23.15.

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

About Lindblad Expeditions

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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