Cadence Capital Management LLC Acquires Shares of 186,932 Lindblad Expeditions Holdings Inc (LIND)

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.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.08. Lindblad Expeditions had a net margin of 4.80% and a return on equity of 12.72%. The firm had revenue of $89.65 million during the quarter, compared to analyst estimates of $95.13 million. Equities research analysts expect that Lindblad Expeditions Holdings Inc will post 0.51 earnings per share for the current year.

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.

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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.

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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).

Institutional Ownership by Quarter for Lindblad Expeditions (NASDAQ:LIND)

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