Two Sigma Advisers LP Grows Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Two Sigma Advisers LP increased its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 36.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,600 shares of the company's stock after acquiring an additional 64,800 shares during the quarter. Two Sigma Advisers LP owned 0.44% of Lindblad Expeditions worth $2,854,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Penn Capital Management Company LLC bought a new position in Lindblad Expeditions during the fourth quarter worth $5,335,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Lindblad Expeditions during the fourth quarter valued at about $4,610,000. New York State Common Retirement Fund boosted its position in shares of Lindblad Expeditions by 3,496.6% during the 4th quarter. New York State Common Retirement Fund now owns 331,034 shares of the company's stock worth $3,926,000 after purchasing an additional 321,830 shares in the last quarter. Portolan Capital Management LLC grew its stake in shares of Lindblad Expeditions by 109.9% in the 4th quarter. Portolan Capital Management LLC now owns 544,273 shares of the company's stock valued at $6,455,000 after buying an additional 284,930 shares during the period. Finally, Oberweis Asset Management Inc. acquired a new stake in shares of Lindblad Expeditions in the 4th quarter valued at about $3,155,000. Institutional investors own 75.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Craig Hallum set a $16.00 target price on Lindblad Expeditions and gave the stock a "buy" rating in a research report on Friday, May 23rd.

Insider Activity at Lindblad Expeditions

In related news, Director Alex P. Schultz purchased 36,375 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average cost of $7.97 per share, with a total value of $289,908.75. Following the transaction, the director now owns 283,323 shares of the company's stock, valued at $2,258,084.31. This represents a 14.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 34.30% of the stock is currently owned by insiders.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND traded up $0.09 during trading on Friday, reaching $10.58. 276,466 shares of the stock were exchanged, compared to its average volume of 305,909. Lindblad Expeditions Holdings, Inc. has a 1-year low of $6.76 and a 1-year high of $14.34. The stock has a fifty day moving average of $9.34 and a two-hundred day moving average of $11.05. The firm has a market cap of $578.81 million, a price-to-earnings ratio of -14.11 and a beta of 2.65.

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.