Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Position Raised by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 1.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,688,549 shares of the company’s stock after acquiring an additional 26,647 shares during the period. Principal Financial Group Inc.’s holdings in Lindblad Expeditions were worth $15,619,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Ariel Investments LLC grew its holdings in shares of Lindblad Expeditions by 3.1% during the 1st quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock valued at $82,824,000 after acquiring an additional 268,996 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Lindblad Expeditions by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after buying an additional 31,921 shares during the last quarter. Anchor Capital Management Company LLC raised its position in Lindblad Expeditions by 51.3% in the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after purchasing an additional 449,098 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in Lindblad Expeditions by 1.1% during the third quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock worth $5,569,000 after buying an additional 6,267 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in Lindblad Expeditions by 27.9% during the second quarter. Rice Hall James & Associates LLC now owns 272,566 shares of the company’s stock worth $2,630,000 after buying an additional 59,502 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LIND. StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. B. Riley lifted their price objective on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Stifel Nicolaus dropped their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Craig Hallum boosted their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Insider Activity

In other Lindblad Expeditions news, CEO Sven-Olof Lindblad acquired 32,117 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average price of $7.95 per share, with a total value of $255,330.15. Following the completion of the purchase, the chief executive officer now owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. This represents a 0.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Noah Brodsky sold 14,344 shares of Lindblad Expeditions stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the sale, the insider now directly owns 58,518 shares of the company’s stock, valued at $614,439. This represents a 19.69 % decrease in their position. The disclosure for this sale can be found here. 34.30% of the stock is owned by company insiders.

Lindblad Expeditions Price Performance

NASDAQ:LIND opened at $13.12 on Friday. The business has a fifty day simple moving average of $10.28 and a two-hundred day simple moving average of $9.10. Lindblad Expeditions Holdings, Inc. has a 1 year low of $6.35 and a 1 year high of $14.34. The company has a market capitalization of $715.04 million, a P/E ratio of -17.49 and a beta of 3.02.

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.