Raymond James Financial Inc. Takes Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Raymond James Financial Inc. purchased a new position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 203,600 shares of the company's stock, valued at approximately $2,415,000. Raymond James Financial Inc. owned 0.37% of Lindblad Expeditions as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Rhumbline Advisers lifted its stake in Lindblad Expeditions by 2.4% during the 4th quarter. Rhumbline Advisers now owns 50,598 shares of the company's stock worth $600,000 after acquiring an additional 1,167 shares in the last quarter. Manchester Capital Management LLC grew its holdings in Lindblad Expeditions by 91.3% during the 4th quarter. Manchester Capital Management LLC now owns 2,850 shares of the company's stock worth $34,000 after acquiring an additional 1,360 shares in the last quarter. Victory Capital Management Inc. raised its stake in Lindblad Expeditions by 1.5% in the fourth quarter. Victory Capital Management Inc. now owns 97,460 shares of the company's stock valued at $1,156,000 after buying an additional 1,410 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Lindblad Expeditions by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 818,963 shares of the company's stock valued at $7,903,000 after acquiring an additional 3,016 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new position in Lindblad Expeditions in the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 75.94% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, Director Alex P. Schultz bought 36,375 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were 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 acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 34.30% of the company's stock.

Lindblad Expeditions Stock Performance

LIND stock traded up $0.18 during trading on Monday, hitting $9.38. The stock had a trading volume of 20,442 shares, compared to its average volume of 298,739. Lindblad Expeditions Holdings, Inc. has a 1-year low of $6.76 and a 1-year high of $14.34. The stock has a market cap of $511.74 million, a price-to-earnings ratio of -12.43 and a beta of 2.65. The company's 50 day moving average price is $9.39 and its two-hundred day moving average price is $11.12.

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.