Principal Financial Group Inc. Has $14.09 Million Stake in Lindblad Expeditions (NASDAQ:LIND)

Principal Financial Group Inc. decreased its holdings in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,519,641 shares of the company's stock after selling 56,891 shares during the quarter. Principal Financial Group Inc. owned 2.78% of Lindblad Expeditions worth $14,087,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of LIND. Charles Schwab Investment Management Inc. raised its stake in Lindblad Expeditions by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,883 shares of the company's stock worth $3,699,000 after acquiring an additional 16,097 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Lindblad Expeditions by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 97,460 shares of the company's stock valued at $1,156,000 after buying an additional 1,410 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Lindblad Expeditions in the fourth quarter valued at approximately $216,000. Raymond James Financial Inc. acquired a new position in shares of Lindblad Expeditions in the fourth quarter valued at approximately $2,415,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Lindblad Expeditions by 71.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 499,873 shares of the company's stock valued at $5,928,000 after buying an additional 207,581 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on LIND. 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. Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Saturday, June 28th.

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $12.86 on Friday. The company has a market capitalization of $703.57 million, a PE ratio of -21.43 and a beta of 2.65. The company has a 50 day simple moving average of $11.10 and a two-hundred day simple moving average of $10.82. Lindblad Expeditions has a fifty-two week low of $6.76 and a fifty-two week high of $14.34.

Insiders Place Their Bets

In other news, Director Alex P. Schultz bought 36,375 shares of the firm's stock in a transaction on Monday, April 21st. The stock was acquired at an average price of $7.97 per share, with a total value of $289,908.75. Following the transaction, the director owned 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 34.00% of the company's stock.

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.

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