Connor Clark & Lunn Investment Management Ltd. Purchases 149,409 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 104.6% in the third quarter, HoldingsChannel reports. The fund owned 292,292 shares of the company’s stock after purchasing an additional 149,409 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Lindblad Expeditions were worth $2,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LIND. Anchor Capital Management Company LLC lifted its holdings in Lindblad Expeditions by 51.3% during the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after purchasing an additional 449,098 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Lindblad Expeditions by 116.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 123,702 shares of the company’s stock valued at $1,194,000 after purchasing an additional 66,595 shares during the last quarter. Rice Hall James & Associates LLC grew its holdings in shares of Lindblad Expeditions by 27.9% in the second quarter. Rice Hall James & Associates LLC now owns 272,566 shares of the company’s stock valued at $2,630,000 after purchasing an additional 59,502 shares in the last quarter. Quest Partners LLC grew its stake in shares of Lindblad Expeditions by 1,139.4% in the 3rd quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock worth $563,000 after buying an additional 55,968 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $519,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $12.85 on Monday. The business has a fifty day moving average of $10.63 and a 200 day moving average of $9.33. The firm has a market capitalization of $700.33 million, a price-to-earnings ratio of -17.13 and a beta of 3.02. Lindblad Expeditions Holdings, Inc. has a 1 year low of $6.35 and a 1 year high of $14.34.

Insider Activity

In other news, insider Noah Brodsky sold 14,344 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total value of $150,612.00. Following the sale, the insider now owns 58,518 shares in the company, valued at $614,439. This represents a 19.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 34.30% of the company’s stock.

Wall Street Analysts Forecast Growth

LIND has been the topic of several recent research reports. Craig Hallum increased their price target on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. B. Riley increased their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus reduced their price target on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

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.