Lindblad Expeditions $LIND Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Lindblad Expeditions (NASDAQ:LIND) by 3.2% in the first quarter, Holdings Channel.com reports. The firm owned 1,529,868 shares of the company’s stock after purchasing an additional 46,955 shares during the period. Principal Financial Group Inc.’s holdings in Lindblad Expeditions were worth $26,467,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LIND. AQR Capital Management LLC increased its stake in shares of Lindblad Expeditions by 44.4% during the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after acquiring an additional 4,921 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Lindblad Expeditions by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after acquiring an additional 1,037 shares during the last quarter. Creative Planning acquired a new stake in shares of Lindblad Expeditions in the second quarter worth approximately $174,000. JPMorgan Chase & Co. grew its holdings in Lindblad Expeditions by 78.9% in the second quarter. JPMorgan Chase & Co. now owns 311,363 shares of the company’s stock valued at $3,634,000 after purchasing an additional 137,312 shares during the period. Finally, Rhumbline Advisers grew its holdings in Lindblad Expeditions by 8.1% in the second quarter. Rhumbline Advisers now owns 55,012 shares of the company’s stock valued at $642,000 after purchasing an additional 4,114 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LIND shares. Benchmark increased their price target on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research report on Monday, June 29th. Finally, Stifel Nicolaus lifted their target price on Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average price target of $30.50.

Insider Activity at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.26, for a total transaction of $40,520.00. Following the transaction, the director directly owned 112,486 shares of the company’s stock, valued at approximately $2,278,966.36. The trade was a 1.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Michael Elliott Bisnow sold 44,642 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares in the company, valued at $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 88,602 shares of company stock worth $1,966,009. 26.10% of the stock is currently owned by company insiders.

Lindblad Expeditions Price Performance

NASDAQ:LIND opened at $27.60 on Tuesday. The business’s 50-day moving average is $23.87 and its two-hundred day moving average is $20.11. Lindblad Expeditions has a 12 month low of $11.37 and a 12 month high of $30.00. The firm has a market capitalization of $1.81 billion, a PE ratio of -51.11 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. Equities analysts anticipate that Lindblad Expeditions will post 0.18 EPS for the current year.

Lindblad Expeditions Company 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.