Two Sigma Investments LP Grows Stock Holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Two Sigma Investments LP raised its stake in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 50.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,458 shares of the company's stock after purchasing an additional 84,648 shares during the quarter. Two Sigma Investments LP owned about 0.46% of Lindblad Expeditions worth $2,994,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Manchester Capital Management LLC boosted its holdings in shares of Lindblad Expeditions by 91.3% in the 4th 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 last quarter. New York State Teachers Retirement System purchased a new stake in shares of Lindblad Expeditions in the 4th quarter valued at $38,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Lindblad Expeditions in the 4th quarter valued at $110,000. ProShare Advisors LLC purchased a new stake in Lindblad Expeditions during the fourth quarter worth $120,000. Finally, NewEdge Advisors LLC purchased a new stake in Lindblad Expeditions during the fourth quarter worth $121,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Lindblad Expeditions Trading Down 1.1%

Lindblad Expeditions stock traded down $0.12 during midday trading on Wednesday, hitting $10.81. 296,208 shares of the stock were exchanged, compared to its average volume of 305,381. Lindblad Expeditions Holdings, Inc. has a fifty-two week low of $6.76 and a fifty-two week high of $14.34. The stock has a market capitalization of $591.39 million, a price-to-earnings ratio of -14.41 and a beta of 2.65. The stock's 50-day simple moving average is $9.38 and its 200 day simple moving average is $11.00.

Analyst Ratings Changes

LIND has been the topic of a number of recent analyst reports. Craig Hallum set a $16.00 price target on shares of Lindblad Expeditions and gave the stock a "buy" rating in a report on Friday, May 23rd. Wall Street Zen upgraded shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th.

Insider Buying and Selling

In other news, Director Alex P. Schultz acquired 36,375 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the completion of the transaction, the director now owns 283,323 shares in the company, valued at approximately $2,258,084.31. This trade represents a 14.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 34.30% of the stock is owned by company insiders.

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.