Stifel Financial Corp Sells 63,988 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Stifel Financial Corp reduced its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND - Free Report) by 18.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 288,923 shares of the company's stock after selling 63,988 shares during the period. Stifel Financial Corp owned 0.53% of Lindblad Expeditions worth $3,427,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Lindblad Expeditions by 263.7% during the third quarter. Barclays PLC now owns 60,234 shares of the company's stock valued at $557,000 after acquiring an additional 43,671 shares during the period. Geode Capital Management LLC increased its stake in shares of Lindblad Expeditions by 1.3% in the third quarter. Geode Capital Management LLC now owns 852,669 shares of the company's stock valued at $7,889,000 after purchasing an additional 11,029 shares during the period. Franklin Resources Inc. boosted its position in shares of Lindblad Expeditions by 0.4% during the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company's stock worth $7,903,000 after buying an additional 3,016 shares during the period. Principal Financial Group Inc. boosted its position in Lindblad Expeditions by 1.6% during the 3rd 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 period. Finally, JPMorgan Chase & Co. raised its stake in shares of Lindblad Expeditions by 66.3% during the third quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company's stock valued at $2,985,000 after purchasing an additional 128,610 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Alex P. Schultz acquired 36,375 shares of the company's stock in a transaction that occurred 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 acquisition, the director now owns 283,323 shares of the company's stock, valued at $2,258,084.31. This trade represents a 14.73 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 34.30% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Wednesday.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND traded up $0.37 during midday trading on Thursday, reaching $10.00. The company had a trading volume of 145,049 shares, compared to its average volume of 301,860. Lindblad Expeditions Holdings, Inc. has a 1-year low of $6.76 and a 1-year high of $14.34. The company has a fifty day simple moving average of $9.29 and a two-hundred day simple moving average of $11.10. The firm has a market cap of $545.86 million, a price-to-earnings ratio of -13.33 and a beta of 2.65.

Lindblad Expeditions Company 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.