Norges Bank Invests $1.17 Million in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Norges Bank bought a new position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 98,200 shares of the company's stock, valued at approximately $1,165,000. Norges Bank owned about 0.18% of Lindblad Expeditions at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Manchester Capital Management LLC lifted its holdings in shares of Lindblad Expeditions by 91.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock worth $34,000 after buying an additional 1,360 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth about $38,000. KLP Kapitalforvaltning AS bought a new stake in Lindblad Expeditions during the 4th quarter worth approximately $110,000. Simon Quick Advisors LLC acquired a new stake in shares of Lindblad Expeditions in the fourth quarter valued at $126,000. Finally, Olympiad Research LP bought a new position in shares of Lindblad Expeditions in the fourth quarter worth about $156,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND traded up $0.03 during mid-day trading on Thursday, hitting $7.95. 36,397 shares of the stock traded hands, compared to its average volume of 306,943. Lindblad Expeditions Holdings, Inc. has a twelve month low of $6.35 and a twelve month high of $14.34. The firm has a 50 day simple moving average of $10.27 and a two-hundred day simple moving average of $11.16. The company has a market cap of $433.96 million, a PE ratio of -10.60 and a beta of 2.87.

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.