Balyasny Asset Management L.P. Purchases Shares of 11,753 Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Balyasny Asset Management L.P. acquired a new position in shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 11,753 shares of the company’s stock, valued at approximately $139,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Penn Capital Management Company LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter worth approximately $5,335,000. Arrowstreet Capital Limited Partnership acquired a new position in Lindblad Expeditions in the 4th quarter valued at $4,610,000. New York State Common Retirement Fund increased its position in Lindblad Expeditions by 3,496.6% during the 4th quarter. New York State Common Retirement Fund now owns 331,034 shares of the company’s stock worth $3,926,000 after buying an additional 321,830 shares during the period. Portolan Capital Management LLC lifted its holdings in shares of Lindblad Expeditions by 109.9% during the fourth quarter. Portolan Capital Management LLC now owns 544,273 shares of the company’s stock worth $6,455,000 after buying an additional 284,930 shares in the last quarter. Finally, Oberweis Asset Management Inc. bought a new stake in Lindblad Expeditions in the 4th quarter valued at about $3,155,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th.

Lindblad Expeditions Trading Up 3.4%

Shares of Lindblad Expeditions stock opened at $10.99 on Monday. The company has a 50 day moving average of $9.30 and a 200-day moving average of $11.16. The company has a market cap of $601.24 million, a PE ratio of -14.65 and a beta of 2.65. Lindblad Expeditions Holdings, Inc. has a 1-year low of $6.76 and a 1-year high of $14.34.

Insider Activity

In related news, Director Alex P. Schultz acquired 36,375 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average price of $7.97 per share, with a total value of $289,908.75. Following the purchase, the director now directly owns 283,323 shares in the company, valued at approximately $2,258,084.31. This trade represents a 14.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 34.30% of the company’s stock.

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.