Summit Global Investments Acquires Shares of 24,950 Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Summit Global Investments bought a new position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) in the 4th quarter, Holdings Channel reports. The fund bought 24,950 shares of the company’s stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rhumbline Advisers lifted its position in Lindblad Expeditions by 2.4% during the 4th quarter. Rhumbline Advisers now owns 50,598 shares of the company’s stock worth $600,000 after acquiring an additional 1,167 shares during the period. Manchester Capital Management LLC raised its stake in shares of Lindblad Expeditions by 91.3% during the fourth quarter. Manchester Capital Management LLC now owns 2,850 shares of the company’s stock worth $34,000 after purchasing an additional 1,360 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Lindblad Expeditions by 1.5% during the fourth quarter. Victory Capital Management Inc. now owns 97,460 shares of the company’s stock worth $1,156,000 after purchasing an additional 1,410 shares during the period. Franklin Resources Inc. grew its position in Lindblad Expeditions by 0.4% in the 3rd quarter. Franklin Resources Inc. now owns 818,963 shares of the company’s stock valued at $7,903,000 after buying an additional 3,016 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Lindblad Expeditions by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock valued at $2,736,000 after buying an additional 3,087 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Price Performance

LIND opened at $10.41 on Tuesday. 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 capitalization of $568.24 million, a P/E ratio of -13.88 and a beta of 3.12. The business has a 50 day simple moving average of $11.58 and a 200-day simple moving average of $11.33.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Lindblad Expeditions currently 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.