Mackenzie Financial Corp Increases Stock Holdings in Lindblad Expeditions (NASDAQ:LIND)

Mackenzie Financial Corp increased its holdings in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 67.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,552 shares of the company's stock after purchasing an additional 30,912 shares during the quarter. Mackenzie Financial Corp owned 0.14% of Lindblad Expeditions worth $710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS acquired a new position in shares of Lindblad Expeditions in the fourth quarter valued at approximately $110,000. JPMorgan Chase & Co. boosted its position in Lindblad Expeditions by 59.4% in the 4th quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company's stock valued at $6,099,000 after buying an additional 191,546 shares during the period. Norges Bank acquired a new position in shares of Lindblad Expeditions in the fourth quarter worth $1,165,000. Wells Fargo & Company MN grew its stake in shares of Lindblad Expeditions by 23.7% in the fourth quarter. Wells Fargo & Company MN now owns 18,854 shares of the company's stock worth $224,000 after acquiring an additional 3,613 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Lindblad Expeditions during the fourth quarter worth $150,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Benjamin Bressler sold 167,494 shares of the company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $13.05, for a total value of $2,185,796.70. Following the completion of the sale, the chief executive officer owned 23,466 shares in the company, valued at $306,231.30. This represents a 87.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 222,386 shares of company stock worth $2,900,718 in the last 90 days. Company insiders own 34.00% of the company's stock.

Lindblad Expeditions Price Performance

Shares of LIND traded up $0.03 during midday trading on Friday, reaching $12.36. 381,704 shares of the stock were exchanged, compared to its average volume of 323,617. Lindblad Expeditions has a twelve month low of $6.99 and a twelve month high of $14.34. The company has a market capitalization of $677.20 million, a price-to-earnings ratio of -41.20 and a beta of 2.71. The business's 50-day moving average price is $11.89 and its 200 day moving average price is $10.90.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.29) by $0.11. The firm had revenue of $167.95 million for the quarter, compared to analysts' expectations of $158.97 million. As a group, equities research analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Craig Hallum set a $16.00 price objective on Lindblad Expeditions and gave the company a "buy" rating in a research note on Friday, May 23rd. Stifel Nicolaus set a $18.00 price target on Lindblad Expeditions and gave the company a "buy" rating in a research report on Tuesday. Finally, Wall Street Zen cut Lindblad Expeditions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd.

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.