Paloma Partners Management Co Acquires New Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Paloma Partners Management Co bought a new position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,160 shares of the company’s stock, valued at approximately $122,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PDT Partners LLC bought a new position in shares of Lindblad Expeditions in the 3rd quarter worth $556,000. Quantbot Technologies LP lifted its stake in Lindblad Expeditions by 307.7% in the third quarter. Quantbot Technologies LP now owns 8,044 shares of the company’s stock valued at $74,000 after buying an additional 6,071 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Lindblad Expeditions by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock worth $2,736,000 after buying an additional 3,087 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Lindblad Expeditions by 104.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 292,292 shares of the company’s stock worth $2,704,000 after buying an additional 149,409 shares during the period. Finally, Quest Partners LLC increased its stake in shares of Lindblad Expeditions by 1,139.4% in the 3rd quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock valued at $563,000 after acquiring an additional 55,968 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of LIND stock opened at $13.48 on Friday. Lindblad Expeditions Holdings, Inc. has a 52 week low of $6.35 and a 52 week high of $14.34. The company’s 50 day moving average price is $11.25 and its two-hundred day moving average price is $9.71. The company has a market capitalization of $734.66 million, a P/E ratio of -17.97 and a beta of 3.11.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LIND shares. Craig Hallum lifted their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. B. Riley lifted their price target on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Finally, StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Lindblad Expeditions presently has an average 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.