Dimensional Fund Advisors LP grew its holdings in shares of Lindblad Expeditions Holdings Inc (NASDAQ:LIND) by 8.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 831,744 shares of the company’s stock after purchasing an additional 63,296 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.82% of Lindblad Expeditions worth $11,195,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Lindblad Expeditions during the 4th quarter valued at $37,000. Strs Ohio purchased a new stake in shares of Lindblad Expeditions during the 4th quarter valued at $78,000. Sawgrass Asset Management LLC purchased a new stake in shares of Lindblad Expeditions during the 3rd quarter valued at $222,000. Panagora Asset Management Inc. purchased a new stake in Lindblad Expeditions in the 3rd quarter worth about $243,000. Finally, MetLife Investment Advisors LLC increased its holdings in Lindblad Expeditions by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 16,724 shares of the company’s stock worth $249,000 after acquiring an additional 5,945 shares during the last quarter. 59.60% of the stock is owned by hedge funds and other institutional investors.
In other Lindblad Expeditions news, insider Trey Byus sold 8,970 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $15.65, for a total value of $140,380.50. Following the completion of the transaction, the insider now owns 294,107 shares in the company, valued at approximately $4,602,774.55. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 88,970 shares of company stock valued at $1,381,181. 51.60% of the stock is currently owned by insiders.
Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Thursday, February 28th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.01. Lindblad Expeditions had a return on equity of 9.80% and a net margin of 3.67%. Sell-side analysts expect that Lindblad Expeditions Holdings Inc will post 0.44 earnings per share for the current year.
Several equities research analysts recently weighed in on the company. BidaskClub raised Lindblad Expeditions from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Imperial Capital reissued an “outperform” rating and issued a $21.00 price objective (up previously from $18.00) on shares of Lindblad Expeditions in a report on Friday, April 5th. Zacks Investment Research lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Tuesday, January 8th. TheStreet raised Lindblad Expeditions from a “c+” rating to a “b-” rating in a report on Monday, March 11th. Finally, ValuEngine raised Lindblad Expeditions from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Lindblad Expeditions currently has an average rating of “Buy” and an average target price of $17.00.
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Lindblad Expeditions Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.
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