Connor Clark & Lunn Investment Management Ltd. Acquires 149,409 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 104.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 292,292 shares of the company’s stock after purchasing an additional 149,409 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.54% of Lindblad Expeditions worth $2,704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LIND. Anchor Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 51.3% during the second quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after buying an additional 449,098 shares during the last quarter. Panagora Asset Management Inc. lifted 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 valued at $1,194,000 after buying an additional 66,595 shares in the last quarter. Rice Hall James & Associates LLC boosted its holdings in shares of Lindblad Expeditions by 27.9% in the second quarter. Rice Hall James & Associates LLC now owns 272,566 shares of the company’s stock worth $2,630,000 after acquiring an additional 59,502 shares during the period. Quest Partners LLC boosted its stake in 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 purchasing an additional 55,968 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new position in Lindblad Expeditions during the second quarter valued at approximately $519,000. 75.94% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Noah Brodsky sold 14,344 shares of the firm’s 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 owns 58,518 shares of the company’s stock, valued at $614,439. This trade represents a 19.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 34.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on LIND. B. Riley raised their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a report on Friday, August 23rd. 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 report on Friday, August 9th. StockNews.com raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th. Finally, Craig Hallum boosted their price objective on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. One investment 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.25.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND opened at $12.85 on Monday. The stock has a 50 day moving average price of $10.63 and a 200-day moving average price of $9.33. The firm has a market capitalization of $700.33 million, a P/E ratio of -17.13 and a beta of 3.02. Lindblad Expeditions Holdings, Inc. has a 52-week low of $6.35 and a 52-week high of $14.34.

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.