Mackenzie Financial Corp Has $710,000 Stake in Lindblad Expeditions (NASDAQ:LIND)

Mackenzie Financial Corp lifted its stake in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 67.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,552 shares of the company's stock after acquiring an additional 30,912 shares during the quarter. Mackenzie Financial Corp owned about 0.14% of Lindblad Expeditions worth $710,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Lindblad Expeditions by 4.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,292 shares of the company's stock valued at $241,000 after purchasing an additional 912 shares during the period. Graham Capital Management L.P. boosted its stake in Lindblad Expeditions by 4.3% during the 4th quarter. Graham Capital Management L.P. now owns 31,748 shares of the company's stock valued at $377,000 after purchasing an additional 1,315 shares during the period. Occudo Quantitative Strategies LP boosted its stake in Lindblad Expeditions by 21.2% during the 4th quarter. Occudo Quantitative Strategies LP now owns 13,762 shares of the company's stock valued at $163,000 after purchasing an additional 2,409 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in Lindblad Expeditions by 9.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 28,443 shares of the company's stock valued at $337,000 after purchasing an additional 2,485 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Lindblad Expeditions by 3,188.1% during the 1st quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock valued at $26,000 after purchasing an additional 2,678 shares during the period. Institutional investors own 75.94% of the company's stock.

Insider Activity

In other news, CEO Benjamin Bressler sold 167,494 shares of the stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $13.05, for a total value of $2,185,796.70. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares of the company's stock, valued at approximately $306,231.30. This represents a 87.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 222,386 shares of company stock valued at $2,900,718. Corporate insiders own 34.00% of the company's stock.

Lindblad Expeditions Stock Up 0.2%

Shares of LIND stock traded up $0.03 during mid-day trading on Friday, reaching $12.36. The stock had a trading volume of 381,704 shares, compared to its average volume of 335,496. The firm's 50 day simple moving average is $11.93 and its 200 day simple moving average is $10.90. Lindblad Expeditions has a one year low of $6.99 and a one year high of $14.34. The firm has a market cap of $677.20 million, a PE ratio of -41.20 and a beta of 2.71.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its 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 company had revenue of $167.95 million during the quarter, compared to analyst estimates of $158.97 million. Sell-side analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on LIND shares. Stifel Nicolaus set a $18.00 target price on Lindblad Expeditions and gave the company a "buy" rating in a research note on Tuesday, August 5th. Wall Street Zen downgraded Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Craig Hallum set a $16.00 price objective on Lindblad Expeditions and gave the stock a "buy" rating in a research report on Friday, May 23rd.

Lindblad Expeditions Company Profile

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.