North Star Investment Management Corp. Invests $1.87 Million in Lindblad Expeditions (NASDAQ:LIND)

North Star Investment Management Corp. acquired a new position in Lindblad Expeditions (NASDAQ:LIND - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 201,900 shares of the company's stock, valued at approximately $1,872,000. North Star Investment Management Corp. owned approximately 0.37% of Lindblad Expeditions as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LIND. Anchor Capital Management Company LLC boosted its stake in Lindblad Expeditions by 6.9% during the fourth quarter. Anchor Capital Management Company LLC now owns 1,529,089 shares of the company's stock worth $18,135,000 after buying an additional 98,514 shares during the period. Black Diamond Financial LLC lifted its holdings in shares of Lindblad Expeditions by 4.0% in the 4th quarter. Black Diamond Financial LLC now owns 940,912 shares of the company's stock worth $11,159,000 after acquiring an additional 36,460 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its holdings in shares of Lindblad Expeditions by 29.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 739,108 shares of the company's stock worth $8,766,000 after acquiring an additional 168,958 shares during the last quarter. Portolan Capital Management LLC boosted its stake in shares of Lindblad Expeditions by 109.9% during the 4th quarter. Portolan Capital Management LLC now owns 544,273 shares of the company's stock worth $6,455,000 after purchasing an additional 284,930 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Lindblad Expeditions by 59.4% during the 4th quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company's stock valued at $6,099,000 after purchasing an additional 191,546 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Stock Down 0.2%

LIND stock traded down $0.02 during trading on Thursday, hitting $10.86. The company had a trading volume of 168,399 shares, compared to its average volume of 306,067. Lindblad Expeditions has a 52-week low of $6.76 and a 52-week high of $14.34. The company has a 50 day simple moving average of $9.87 and a 200-day simple moving average of $10.88. The firm has a market capitalization of $594.15 million, a P/E ratio of -18.10 and a beta of 2.65.

Analyst Ratings Changes

Several analysts have issued reports on LIND shares. Craig Hallum set a $16.00 price objective on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research note on Friday, May 23rd. Wall Street Zen lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th.

Insiders Place Their Bets

In other news, Director Alex P. Schultz acquired 36,375 shares of Lindblad Expeditions stock in a transaction on Monday, April 21st. The shares were bought at an average cost of $7.97 per share, for a total transaction of $289,908.75. Following the acquisition, the director now directly owns 283,323 shares of the company's stock, valued at $2,258,084.31. This trade represents a 14.73% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 34.00% of the company's stock.

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.