Cadence Capital Management LLC acquired a new stake in Lindblad Expeditions Holdings Inc (NASDAQ:LIND) in the first quarter, HoldingsChannel.com reports. The firm acquired 186,932 shares of the company’s stock, valued at approximately $2,851,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in Lindblad Expeditions during the fourth quarter valued at approximately $37,000. Legal & General Group Plc lifted its holdings in shares of Lindblad Expeditions by 27.4% in the 4th quarter. Legal & General Group Plc now owns 4,286 shares of the company’s stock worth $57,000 after acquiring an additional 921 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Lindblad Expeditions by 18,404.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,441 shares of the company’s stock worth $68,000 after acquiring an additional 4,417 shares during the last quarter. Strs Ohio bought a new stake in shares of Lindblad Expeditions in the 4th quarter worth approximately $78,000. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Lindblad Expeditions by 371.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,547 shares of the company’s stock worth $102,000 after acquiring an additional 5,945 shares during the last quarter. Institutional investors own 59.08% of the company’s stock.
Shares of LIND opened at $16.04 on Friday. The company has a market capitalization of $739.19 million, a PE ratio of 66.83 and a beta of 0.04. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.83 and a quick ratio of 0.82. Lindblad Expeditions Holdings Inc has a fifty-two week low of $11.80 and a fifty-two week high of $16.60.
LIND has been the subject of a number of recent research reports. BidaskClub lowered shares of Lindblad Expeditions from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Wednesday, March 6th. Stifel Nicolaus initiated coverage on shares of Lindblad Expeditions in a report on Friday, February 15th. They issued a “buy” rating and a $17.00 price objective for the company. Deutsche Bank set a $14.00 price objective on shares of Lindblad Expeditions and gave the stock a “hold” rating in a report on Friday, March 1st. Finally, TheStreet upgraded shares of Lindblad Expeditions from a “c+” rating to a “b-” rating in a report on Monday, March 11th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $17.00.
In related news, insider Trey Byus sold 20,000 shares of Lindblad Expeditions stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $15.18, for a total value of $303,600.00. Following the transaction, the insider now directly owns 336,607 shares of the company’s stock, valued at $5,109,694.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 218,070 shares of company stock worth $3,427,357. 51.60% of the stock is owned by insiders.
About Lindblad Expeditions
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.
Want to see what other hedge funds are holding LIND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lindblad Expeditions Holdings Inc (NASDAQ:LIND).
Receive News & Ratings for Lindblad Expeditions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lindblad Expeditions and related companies with MarketBeat.com's FREE daily email newsletter.