Raymond James Financial Inc. Purchases New Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Raymond James Financial Inc. bought a new position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 203,600 shares of the company’s stock, valued at approximately $2,415,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in Lindblad Expeditions by 1.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 295,786 shares of the company’s stock worth $2,736,000 after acquiring an additional 3,087 shares during the period. Quantbot Technologies LP boosted its stake in shares of Lindblad Expeditions by 307.7% in the 3rd 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 in the last quarter. PDT Partners LLC acquired a new stake in shares of Lindblad Expeditions during the third quarter worth approximately $556,000. Paloma Partners Management Co acquired a new stake in Lindblad Expeditions during the 3rd quarter valued at $122,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Lindblad Expeditions by 4.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 87,124 shares of the company’s stock worth $806,000 after acquiring an additional 3,693 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Trading Down 7.2 %

Shares of Lindblad Expeditions stock opened at $9.53 on Friday. The company has a market capitalization of $520.20 million, a PE ratio of -12.71 and a beta of 3.12. The stock’s fifty day simple moving average is $11.44 and its 200 day simple moving average is $11.34. Lindblad Expeditions Holdings, Inc. has a 12 month low of $6.35 and a 12 month high of $14.34.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.25.

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.