JPMorgan Chase & Co. Has $2.99 Million Stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

JPMorgan Chase & Co. increased its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 66.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,668 shares of the company’s stock after acquiring an additional 128,610 shares during the quarter. JPMorgan Chase & Co.’s holdings in Lindblad Expeditions were worth $2,985,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Anchor Capital Management Company LLC boosted its holdings in Lindblad Expeditions by 51.3% in the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock worth $12,788,000 after acquiring an additional 449,098 shares in the last quarter. Portolan Capital Management LLC acquired a new stake in Lindblad Expeditions in the 3rd quarter valued at $2,399,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Lindblad Expeditions by 104.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 292,292 shares of the company’s stock valued at $2,704,000 after purchasing an additional 149,409 shares during the period. PDT Partners LLC acquired a new position in Lindblad Expeditions during the third quarter worth $556,000. Finally, Quest Partners LLC raised its holdings in shares of Lindblad Expeditions by 1,139.4% in the 3rd 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. Institutional investors own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LIND shares. StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Craig Hallum boosted their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $12.16 on Monday. Lindblad Expeditions Holdings, Inc. has a fifty-two week low of $6.35 and a fifty-two week high of $14.34. The company’s 50-day moving average is $12.41 and its 200 day moving average is $10.54. The company has a market capitalization of $662.72 million, a P/E ratio of -16.21 and a beta of 3.11.

Insider Buying and Selling at Lindblad Expeditions

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

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.