Nicholas Investment Partners LP Makes New $9.59 Million Investment in Lindblad Expeditions $LIND

Nicholas Investment Partners LP purchased a new position in Lindblad Expeditions (NASDAQ:LIND) during the second quarter, HoldingsChannel reports. The institutional investor purchased 339,499 shares of the company’s stock, valued at approximately $9,587,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Lindblad Expeditions during the 2nd quarter valued at about $122,583,000. Bank of New York Mellon Corp acquired a new stake in shares of Lindblad Expeditions in the second quarter worth approximately $19,362,000. Millennium Management LLC grew its holdings in Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after purchasing an additional 446,294 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after purchasing an additional 393,359 shares during the period. Finally, UBS Group AG increased its position in Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after purchasing an additional 305,704 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $31.90 on Tuesday. The stock has a 50-day simple moving average of $28.97 and a 200-day simple moving average of $22.85. The stock has a market capitalization of $2.09 billion, a P/E ratio of -83.95 and a beta of 2.24. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $35.00.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. The firm had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. Analysts predict that Lindblad Expeditions will post 0.17 earnings per share for the current year.

Insider Transactions at Lindblad Expeditions

In other news, Director Michael Elliott Bisnow sold 44,642 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the sale, the director owned 25,872 shares of the company’s stock, valued at $626,361.12. This represents a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LIND. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $29.00 price objective on shares of Lindblad Expeditions in a research note on Thursday, August 6th. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a report on Monday, June 29th. Finally, Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.20.

Lindblad Expeditions Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.