Oberweis Asset Management Inc. Acquires Shares of 266,000 Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Oberweis Asset Management Inc. bought a new position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 266,000 shares of the company's stock, valued at approximately $3,155,000. Oberweis Asset Management Inc. owned approximately 0.49% of Lindblad Expeditions at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LIND. State Street Corp boosted its holdings in Lindblad Expeditions by 0.6% in the third quarter. State Street Corp now owns 790,874 shares of the company's stock worth $7,316,000 after purchasing an additional 4,552 shares during the period. Barclays PLC boosted its holdings in shares of Lindblad Expeditions by 263.7% in the 3rd quarter. Barclays PLC now owns 60,234 shares of the company's stock valued at $557,000 after buying an additional 43,671 shares during the period. Geode Capital Management LLC grew its position in shares of Lindblad Expeditions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 852,669 shares of the company's stock valued at $7,889,000 after buying an additional 11,029 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Lindblad Expeditions by 0.4% in the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company's stock worth $7,903,000 after acquiring an additional 3,016 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Lindblad Expeditions by 1.6% in the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company's stock worth $15,619,000 after acquiring an additional 26,647 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND traded down $0.03 during trading on Wednesday, reaching $8.85. The company had a trading volume of 165,635 shares, compared to its average volume of 303,274. Lindblad Expeditions Holdings, Inc. has a twelve month low of $6.35 and a twelve month high of $14.34. The firm has a market capitalization of $483.09 million, a PE ratio of -11.80 and a beta of 2.87. The firm's fifty day moving average is $9.51 and its 200 day moving average is $11.13.

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.