Principal Financial Group Inc. Purchases 26,647 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Principal Financial Group Inc. lifted its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,688,549 shares of the company’s stock after purchasing an additional 26,647 shares during the quarter. Principal Financial Group Inc. owned about 3.15% of Lindblad Expeditions worth $15,619,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Ariel Investments LLC increased its stake in Lindblad Expeditions by 3.1% in the 1st quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock worth $82,824,000 after buying an additional 268,996 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Lindblad Expeditions by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock valued at $18,651,000 after acquiring an additional 31,921 shares during the last quarter. Anchor Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 51.3% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after acquiring an additional 449,098 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Lindblad Expeditions by 1.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock valued at $5,569,000 after acquiring an additional 6,267 shares during the last quarter. Finally, Rice Hall James & Associates LLC raised its position in Lindblad Expeditions by 27.9% in the 2nd quarter. Rice Hall James & Associates LLC now owns 272,566 shares of the company’s stock worth $2,630,000 after purchasing an additional 59,502 shares during the period. 75.94% of the stock is owned by institutional investors.

Insider Buying and Selling at Lindblad Expeditions

In other news, insider Noah Brodsky sold 14,344 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total transaction of $150,612.00. Following the completion of the transaction, the insider now directly owns 58,518 shares of the company’s stock, valued at approximately $614,439. This represents a 19.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sven-Olof Lindblad acquired 32,117 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was purchased at an average cost of $7.95 per share, with a total value of $255,330.15. Following the completion of the purchase, the chief executive officer now directly owns 11,825,063 shares in the company, valued at $94,009,250.85. This represents a 0.27 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 34.30% of the company’s stock.

Lindblad Expeditions Stock Performance

Shares of LIND stock opened at $13.12 on Friday. The firm’s 50 day moving average price is $10.28 and its 200-day moving average price is $9.10. Lindblad Expeditions Holdings, Inc. has a one year low of $6.35 and a one year high of $14.34. The firm has a market cap of $715.04 million, a P/E ratio of -17.49 and a beta of 3.02.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LIND. Stifel Nicolaus reduced their target price on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. StockNews.com upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Craig Hallum raised their target price on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, B. Riley raised their target price on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Lindblad Expeditions currently has an average rating of “Moderate Buy” and a consensus price target 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.