Silvercrest Asset Management Group LLC Buys 168,958 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Silvercrest Asset Management Group LLC boosted its holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 29.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 739,108 shares of the company's stock after buying an additional 168,958 shares during the period. Silvercrest Asset Management Group LLC owned 1.36% of Lindblad Expeditions worth $8,766,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Anchor Capital Management Company LLC increased its stake in Lindblad Expeditions by 6.9% in the 4th 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 in the last quarter. Black Diamond Financial LLC grew its position in shares of Lindblad Expeditions by 4.0% during the fourth quarter. Black Diamond Financial LLC now owns 940,912 shares of the company's stock valued at $11,159,000 after purchasing an additional 36,460 shares in the last quarter. Portolan Capital Management LLC grew its position in shares of Lindblad Expeditions by 109.9% during the fourth quarter. Portolan Capital Management LLC now owns 544,273 shares of the company's stock valued at $6,455,000 after purchasing an additional 284,930 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Lindblad Expeditions by 59.4% during the fourth 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Lindblad Expeditions by 71.0% during 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 purchasing an additional 207,581 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Insider Buying and Selling

In other Lindblad Expeditions news, Director Alex P. Schultz bought 36,375 shares of the company's stock in a transaction on Monday, April 21st. The stock was acquired at an average price of $7.97 per share, for a total transaction of $289,908.75. Following the completion of the transaction, the director now directly owns 283,323 shares of the company's stock, valued at approximately $2,258,084.31. This represents a 14.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 34.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Craig Hallum restated a "buy" rating and set a $16.00 price objective on shares of Lindblad Expeditions in a research report on Friday. Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th.

Lindblad Expeditions Stock Up 1.2%

LIND traded up $0.12 on Friday, hitting $10.19. The company had a trading volume of 246,800 shares, compared to its average volume of 305,849. The company has a market cap of $557.47 million, a PE ratio of -13.59 and a beta of 2.65. Lindblad Expeditions Holdings, Inc. has a 12-month low of $6.76 and a 12-month high of $14.34. The business's fifty day simple moving average is $9.31 and its 200 day simple moving average is $11.14.

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.