Connor Clark & Lunn Investment Management Ltd. Increases Holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Connor Clark & Lunn Investment Management Ltd. boosted its position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 71.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 499,873 shares of the company’s stock after purchasing an additional 207,581 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.92% of Lindblad Expeditions worth $5,928,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in shares of Lindblad Expeditions by 1.6% in the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after buying an additional 26,647 shares in the last quarter. Assetmark Inc. increased its holdings in Lindblad Expeditions by 49.6% during the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after acquiring an additional 1,722 shares in the last quarter. Quest Partners LLC raised its position in Lindblad Expeditions by 1,139.4% during the third quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock worth $563,000 after acquiring an additional 55,968 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Lindblad Expeditions by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock valued at $2,736,000 after purchasing an additional 3,087 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of 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 purchasing an additional 6,071 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Insiders Place Their Bets

In related news, Director John M. Fahey, Jr. sold 7,000 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $11.76, for a total transaction of $82,320.00. Following the transaction, the director now directly owns 123,754 shares in the company, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 34.30% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of LIND opened at $10.28 on Friday. The company has a market capitalization of $561.14 million, a price-to-earnings ratio of -13.71 and a beta of 3.12. Lindblad Expeditions Holdings, Inc. has a 1 year low of $6.35 and a 1 year high of $14.34. The company’s 50 day simple moving average is $11.77 and its 200 day simple moving average is $11.31.

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.