TIAA CREF Investment Management LLC grew its holdings in shares of Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) by 29.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,601 shares of the company’s stock after acquiring an additional 11,248 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.11% of Lindblad Expeditions Holdings worth $521,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Teachers Advisors LLC lifted its position in Lindblad Expeditions Holdings by 61.6% in the 2nd quarter. Teachers Advisors LLC now owns 36,056 shares of the company’s stock worth $379,000 after buying an additional 13,748 shares during the last quarter. Wells Fargo & Company MN lifted its position in Lindblad Expeditions Holdings by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 16,086 shares of the company’s stock worth $169,000 after buying an additional 44 shares during the last quarter. Evanston Investments Inc. dba Evanston Advisors bought a new stake in Lindblad Expeditions Holdings in the 2nd quarter worth approximately $105,000. Scout Investments Inc. lifted its position in Lindblad Expeditions Holdings by 3.2% in the 2nd quarter. Scout Investments Inc. now owns 162,125 shares of the company’s stock worth $1,702,000 after buying an additional 5,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Lindblad Expeditions Holdings by 11.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 72,928 shares of the company’s stock worth $766,000 after buying an additional 7,401 shares during the last quarter. Hedge funds and other institutional investors own 49.12% of the company’s stock.
In related news, insider Benjamin Bressler sold 14,931 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $10.77, for a total value of $160,806.87. Following the completion of the sale, the insider now owns 188,157 shares in the company, valued at approximately $2,026,450.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 50.10% of the company’s stock.
A number of analysts recently weighed in on the company. Deutsche Bank AG restated a “hold” rating and issued a $10.00 target price (up previously from $9.50) on shares of Lindblad Expeditions Holdings in a research report on Wednesday, August 9th. BidaskClub downgraded Lindblad Expeditions Holdings from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, TheStreet upgraded Lindblad Expeditions Holdings from a “c” rating to a “b” rating in a research report on Thursday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $11.25.
Shares of Lindblad Expeditions Holdings Inc. (LIND) opened at $10.54 on Friday. The firm has a market capitalization of $478.86, a P/E ratio of 210.80 and a beta of 1.21. Lindblad Expeditions Holdings Inc. has a 12-month low of $8.38 and a 12-month high of $11.26. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.20 and a quick ratio of 1.18.
Lindblad Expeditions Holdings Company Profile
Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services in the United States. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.
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