Wells Fargo & Company MN Has $143,000 Stake in Lindblad Expeditions Holdings Inc. (LIND)

Wells Fargo & Company MN reduced its stake in shares of Lindblad Expeditions Holdings Inc. (NASDAQ:LIND) by 68.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,042 shares of the company’s stock after selling 35,476 shares during the period. Wells Fargo & Company MN’s holdings in Lindblad Expeditions Holdings were worth $143,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Nationwide Fund Advisors raised its stake in shares of Lindblad Expeditions Holdings by 855.1% in the first quarter. Nationwide Fund Advisors now owns 89,064 shares of the company’s stock valued at $798,000 after buying an additional 79,739 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Lindblad Expeditions Holdings by 25.9% in the first quarter. Russell Investments Group Ltd. now owns 188,000 shares of the company’s stock valued at $1,684,000 after buying an additional 38,700 shares during the last quarter. Malaga Cove Capital LLC raised its stake in shares of Lindblad Expeditions Holdings by 108.9% in the first quarter. Malaga Cove Capital LLC now owns 71,430 shares of the company’s stock valued at $641,000 after buying an additional 37,230 shares during the last quarter. Rice Hall James & Associates LLC raised its stake in shares of Lindblad Expeditions Holdings by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 38,769 shares of the company’s stock valued at $347,000 after buying an additional 1,096 shares during the last quarter. Finally, Kirr Marbach & Co. LLC IN raised its stake in shares of Lindblad Expeditions Holdings by 1.2% in the first quarter. Kirr Marbach & Co. LLC IN now owns 31,990 shares of the company’s stock valued at $287,000 after buying an additional 375 shares during the last quarter. 46.23% of the stock is currently owned by institutional investors.

Shares of Lindblad Expeditions Holdings Inc. (NASDAQ LIND) traded down 0.59% during mid-day trading on Friday, hitting $10.10. The stock had a trading volume of 74,034 shares. The company’s market cap is $455.17 million. The stock has a 50 day moving average price of $10.14 and a 200-day moving average price of $9.50. Lindblad Expeditions Holdings Inc. has a 52-week low of $7.75 and a 52-week high of $10.73.

Lindblad Expeditions Holdings (NASDAQ:LIND) last announced its earnings results on Thursday, August 3rd. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. The firm had revenue of $55.57 million for the quarter, compared to analysts’ expectations of $50.84 million. Lindblad Expeditions Holdings had a positive return on equity of 0.87% and a negative net margin of 1.30%. On average, equities analysts expect that Lindblad Expeditions Holdings Inc. will post $0.14 earnings per share for the current fiscal year.

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LIND has been the topic of several research analyst reports. Citigroup Inc. reissued a “buy” rating and issued a $11.00 price objective (down from $11.50) on shares of Lindblad Expeditions Holdings in a report on Saturday, April 22nd. BidaskClub lowered Lindblad Expeditions Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research raised Lindblad Expeditions Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $10.00 price objective (up from $9.50) on shares of Lindblad Expeditions Holdings in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.20.

In other Lindblad Expeditions Holdings news, COO Ian Rogers sold 5,067 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $9.50, for a total transaction of $48,136.50. Following the sale, the chief operating officer now owns 306,708 shares in the company, valued at approximately $2,913,726. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have sold 116,746 shares of company stock worth $1,160,036. 50.10% of the stock is owned by insiders.

Institutional Ownership by Quarter for Lindblad Expeditions Holdings (NASDAQ:LIND)

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