Pier Capital LLC Sells 539,041 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Pier Capital LLC cut its holdings in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 70.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 227,316 shares of the company’s stock after selling 539,041 shares during the quarter. Pier Capital LLC’s holdings in Lindblad Expeditions were worth $2,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LIND. Vanguard Group Inc. grew its position in Lindblad Expeditions by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock worth $18,651,000 after buying an additional 31,921 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Lindblad Expeditions by 1.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after acquiring an additional 26,647 shares during the period. Anchor Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 51.3% during the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after purchasing an additional 449,098 shares in the last quarter. State Street Corp raised its stake in Lindblad Expeditions by 0.6% in the third quarter. State Street Corp now owns 790,874 shares of the company’s stock valued at $7,316,000 after purchasing an additional 4,552 shares in the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in Lindblad Expeditions by 1.1% in the third quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock valued at $5,569,000 after purchasing an additional 6,267 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. Craig Hallum lifted their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, B. Riley boosted their price objective on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

Lindblad Expeditions Stock Up 0.5 %

Lindblad Expeditions stock opened at $13.48 on Friday. The stock has a market cap of $734.66 million, a PE ratio of -17.97 and a beta of 3.11. Lindblad Expeditions Holdings, Inc. has a 12-month low of $6.35 and a 12-month high of $14.34. The business’s 50-day moving average price is $11.25 and its two-hundred day moving average price is $9.71.

Lindblad Expeditions Company 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.