Brasada Capital Management LP Makes New Investment in Lindblad Expeditions $LIND

Brasada Capital Management LP acquired a new position in shares of Lindblad Expeditions (NASDAQ:LIND) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 38,000 shares of the company’s stock, valued at approximately $1,073,000.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of Lindblad Expeditions during the 2nd quarter valued at $38,000. Osaic Holdings Inc. increased its holdings in Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Lindblad Expeditions in the 4th quarter valued at $57,000. Finally, Silvant Capital Management LLC purchased a new position in Lindblad Expeditions in the second quarter valued at about $58,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

Lindblad Expeditions stock opened at $30.06 on Friday. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $35.00. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -79.11 and a beta of 2.24. The firm’s fifty day moving average price is $29.36 and its 200 day moving average price is $23.10.

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

Insider Activity at Lindblad Expeditions

In related news, Director Michael Elliott Bisnow sold 44,642 shares of the business’s stock in a transaction dated 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 owned 25,872 shares in the company, valued at approximately $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 26.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on LIND shares. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $29.00 price target on Lindblad Expeditions in a research report on Thursday, August 6th. Finally, Capital One Financial set a $31.00 price target on Lindblad Expeditions in a report on Monday, June 29th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.20.

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.