Quantbot Technologies LP Takes $2.03 Million Position in Lindblad Expeditions $LIND

Key Points

• Quantbot Technologies LP acquired 71,994 shares of Lindblad Expeditions worth approximately $2.03 million, representing about 0.11% of the company. Institutional investors collectively own 75.94% of LIND.
• Lindblad reported quarterly revenue of $199.25 million and an adjusted loss of $0.02 per share, beating analyst estimates of $185.86 million in revenue and a $0.10 loss.
• Analyst sentiment is mixed: LIND has an overall “Hold” rating and an average price target of $31.20, while shares recently opened at $31.90. A company director also sold 44,642 shares for roughly $1.08 million.

Quantbot Technologies LP acquired a new position in Lindblad Expeditions (NASDAQ:LIND - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 71,994 shares of the company's stock, valued at approximately $2,033,000. Quantbot Technologies LP owned about 0.11% of Lindblad Expeditions as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP purchased a new stake in Lindblad Expeditions in the second quarter valued at approximately $38,000. Osaic Holdings Inc. raised its position in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company's stock worth $41,000 after buying an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company's stock worth $56,000 after buying an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Lindblad Expeditions during the 4th quarter valued at approximately $57,000. Finally, Silvant Capital Management LLC acquired a new stake in Lindblad Expeditions during the 2nd quarter valued at approximately $58,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Insider Buying and Selling

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the transaction, the director owned 25,872 shares of the company's stock, valued at approximately $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 26.10% of the company's stock.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $31.90 on Tuesday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -83.95 and a beta of 2.24. Lindblad Expeditions has a 12 month low of $11.37 and a 12 month high of $35.00. The firm's 50 day simple moving average is $28.97 and its 200-day simple moving average is $22.85.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The firm had revenue of $199.25 million during the quarter, compared to analyst estimates of $185.86 million. Analysts anticipate that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LIND. Capital One Financial set a $31.00 price objective on shares of Lindblad Expeditions in a research note on Monday, June 29th. Benchmark boosted their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, June 29th. Wall Street Zen lowered shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft set a $29.00 price target on Lindblad Expeditions in a research report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lindblad Expeditions presently has an average rating of "Hold" and an average price target of $31.20.

Lindblad Expeditions Profile

Lindblad Expeditions NASDAQ: LIND is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world's most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica's rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.

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