Summit Global Investments Invests $296,000 in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Summit Global Investments bought a new stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,950 shares of the company’s stock, valued at approximately $296,000.

Several other large investors have also recently bought and sold shares of LIND. Principal Financial Group Inc. boosted its position in shares of Lindblad Expeditions by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock worth $15,619,000 after acquiring an additional 26,647 shares in the last quarter. Black Diamond Financial LLC boosted its holdings in Lindblad Expeditions by 4.0% in the fourth quarter. Black Diamond Financial LLC now owns 940,912 shares of the company’s stock valued at $11,159,000 after purchasing an additional 36,460 shares in the last quarter. Geode Capital Management LLC increased its stake in Lindblad Expeditions by 1.3% in the third quarter. Geode Capital Management LLC now owns 852,669 shares of the company’s stock valued at $7,889,000 after purchasing an additional 11,029 shares during the last quarter. Franklin Resources Inc. increased its stake in Lindblad Expeditions by 0.4% in the third quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock valued at $7,903,000 after purchasing an additional 3,016 shares during the last quarter. Finally, State Street Corp raised its holdings in Lindblad Expeditions by 0.6% during the third quarter. State Street Corp now owns 790,874 shares of the company’s stock worth $7,316,000 after purchasing an additional 4,552 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Up 7.4 %

Shares of NASDAQ LIND opened at $10.41 on Tuesday. The stock has a market cap of $568.24 million, a PE ratio of -13.88 and a beta of 3.12. Lindblad Expeditions Holdings, Inc. has a 52-week low of $6.35 and a 52-week high of $14.34. The business has a 50-day moving average price of $11.58 and a 200 day moving average price of $11.33.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Lindblad Expeditions has a consensus rating of “Moderate Buy” and an average target price of $14.25.

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.