Carillon Tower Advisers Inc. cut its stake in Lindblad Expeditions Holdings Inc (NASDAQ:LIND) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 191,905 shares of the company’s stock after selling 1,800 shares during the quarter. Carillon Tower Advisers Inc. owned approximately 0.39% of Lindblad Expeditions worth $3,216,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. ValueAct Holdings L.P. lifted its holdings in Lindblad Expeditions by 4.2% in the second quarter. ValueAct Holdings L.P. now owns 3,012,298 shares of the company’s stock valued at $54,071,000 after acquiring an additional 121,467 shares during the period. BlackRock Inc. lifted its holdings in Lindblad Expeditions by 17.7% in the second quarter. BlackRock Inc. now owns 1,743,220 shares of the company’s stock valued at $31,293,000 after acquiring an additional 262,362 shares during the period. Brown Advisory Inc. lifted its holdings in Lindblad Expeditions by 0.3% in the second quarter. Brown Advisory Inc. now owns 1,699,748 shares of the company’s stock valued at $30,512,000 after acquiring an additional 5,560 shares during the period. Vanguard Group Inc. lifted its holdings in Lindblad Expeditions by 2.1% in the second quarter. Vanguard Group Inc. now owns 1,308,238 shares of the company’s stock valued at $23,482,000 after acquiring an additional 26,414 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Lindblad Expeditions by 36.4% in the second quarter. Renaissance Technologies LLC now owns 1,276,479 shares of the company’s stock valued at $22,913,000 after acquiring an additional 340,800 shares during the period. 54.28% of the stock is owned by institutional investors.
Shares of LIND stock opened at $15.14 on Thursday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.89 and a quick ratio of 0.88. The company has a market cap of $745.91 million, a price-to-earnings ratio of 63.08 and a beta of 0.14. The stock has a 50 day simple moving average of $16.47 and a 200-day simple moving average of $17.26. Lindblad Expeditions Holdings Inc has a 1-year low of $11.98 and a 1-year high of $19.29.
A number of research analysts have issued reports on LIND shares. TheStreet downgraded Lindblad Expeditions from a “b-” rating to a “c+” rating in a report on Monday, September 30th. Imperial Capital reissued an “outperform” rating and issued a $22.00 price target (up from $21.00) on shares of Lindblad Expeditions in a report on Tuesday, August 6th. Deutsche Bank reissued a “hold” rating and issued a $15.00 price target on shares of Lindblad Expeditions in a report on Sunday, August 4th. Zacks Investment Research downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. Finally, Sidoti raised Lindblad Expeditions from a “neutral” rating to a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.40.
In other news, Director L. Dyson Dryden sold 38,457 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $17.43, for a total transaction of $670,305.51. Following the completion of the transaction, the director now directly owns 1,291,700 shares of the company’s stock, valued at approximately $22,514,331. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 239,221 shares of company stock valued at $4,381,568. Corporate insiders own 50.20% of the company’s stock.
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It delivers voyages through a fleet of eight owned expedition ships and five seasonal charter vessels under the Lindblad brand; and operates eco-conscious expeditions and nature focused small-group tours under the Natural Habitat brand.
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