Stifel Financial Corp Cuts Stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Stifel Financial Corp decreased its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 352,911 shares of the company’s stock after selling 6,026 shares during the period. Stifel Financial Corp owned 0.65% of Lindblad Expeditions worth $3,265,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in Lindblad Expeditions by 5.0% during the second quarter. Bank of New York Mellon Corp now owns 115,944 shares of the company’s stock valued at $1,119,000 after purchasing an additional 5,569 shares during the period. Panagora Asset Management Inc. grew its stake in shares of Lindblad Expeditions by 116.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 123,702 shares of the company’s stock worth $1,194,000 after acquiring an additional 66,595 shares during the period. Principal Financial Group Inc. increased its holdings in Lindblad Expeditions by 2.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,661,902 shares of the company’s stock worth $16,037,000 after acquiring an additional 36,307 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Lindblad Expeditions by 3.3% in the 2nd quarter. Victory Capital Management Inc. now owns 96,400 shares of the company’s stock worth $930,000 after acquiring an additional 3,100 shares during the last quarter. Finally, Arizona State Retirement System bought a new stake in Lindblad Expeditions in the 2nd quarter valued at about $101,000. 75.94% of the stock is owned by institutional investors.

Lindblad Expeditions Trading Up 0.8 %

Shares of NASDAQ:LIND opened at $11.94 on Wednesday. Lindblad Expeditions Holdings, Inc. has a 12 month low of $6.35 and a 12 month high of $14.34. The stock has a market cap of $650.78 million, a P/E ratio of -15.92 and a beta of 3.11. The company has a 50 day moving average of $11.59 and a 200 day moving average of $9.88.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LIND. B. Riley boosted their price target 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. Craig Hallum boosted their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.25.

About Lindblad Expeditions

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.