Principal Financial Group Inc. Sells 56,891 Shares of 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 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,519,641 shares of the company's stock after selling 56,891 shares during the quarter. Principal Financial Group Inc. owned about 2.78% of Lindblad Expeditions worth $14,087,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LIND. GAMMA Investing LLC grew its position in shares of Lindblad Expeditions by 3,188.1% during the 1st quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock worth $26,000 after buying an additional 2,678 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth approximately $110,000. ProShare Advisors LLC acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth approximately $120,000. NewEdge Advisors LLC acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth approximately $121,000. Finally, Caxton Associates LP acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth approximately $124,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LIND. Wall Street Zen upgraded shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Saturday, June 28th. Craig Hallum set a $16.00 price target on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research report on Friday, May 23rd.

Lindblad Expeditions Stock Up 0.2%

NASDAQ LIND traded up $0.02 during trading on Wednesday, reaching $12.46. 218,452 shares of the stock traded hands, compared to its average volume of 306,816. The firm has a market cap of $681.69 million, a price-to-earnings ratio of -20.77 and a beta of 2.65. The stock's 50-day moving average price is $11.22 and its 200 day moving average price is $10.82. Lindblad Expeditions has a fifty-two week low of $6.76 and a fifty-two week high of $14.34.

Insider Transactions at Lindblad Expeditions

In other news, Director Alex P. Schultz acquired 36,375 shares of the firm's stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average price of $7.97 per share, for a total transaction of $289,908.75. Following the completion of the acquisition, the director owned 283,323 shares in the company, valued at $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 SEC, which is available at the SEC website. Corporate insiders own 34.00% of the company's stock.

Lindblad Expeditions 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.