Black Diamond Financial LLC Grows Position in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)

Black Diamond Financial LLC grew its holdings in Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) by 4.0% during the 4th quarter, Holdings Channel reports. The fund owned 940,912 shares of the company’s stock after purchasing an additional 36,460 shares during the period. Lindblad Expeditions makes up about 1.7% of Black Diamond Financial LLC’s holdings, making the stock its 16th largest holding. Black Diamond Financial LLC’s holdings in Lindblad Expeditions were worth $11,159,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quest Partners LLC boosted its holdings in shares of Lindblad Expeditions by 1,139.4% in the 3rd quarter. Quest Partners LLC now owns 60,880 shares of the company’s stock valued at $563,000 after acquiring an additional 55,968 shares during the last quarter. Barclays PLC boosted its holdings in shares of Lindblad Expeditions by 263.7% in the 3rd quarter. Barclays PLC now owns 60,234 shares of the company’s stock valued at $557,000 after acquiring an additional 43,671 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Lindblad Expeditions by 49.6% in the 3rd quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after acquiring an additional 1,722 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Lindblad Expeditions by 66.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 322,668 shares of the company’s stock valued at $2,985,000 after acquiring an additional 128,610 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC acquired a new position in shares of Lindblad Expeditions in the 4th quarter valued at $238,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

Lindblad Expeditions Price Performance

LIND opened at $11.11 on Monday. The firm has a fifty day moving average price of $12.17 and a 200 day moving average price of $11.08. The stock has a market cap of $605.54 million, a P/E ratio of -14.81 and a beta of 3.11. Lindblad Expeditions Holdings, Inc. has a 1 year low of $6.35 and a 1 year high of $14.34.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LIND shares. 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 boosted 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lindblad Expeditions currently has an average rating of “Moderate Buy” and an average price target of $14.25.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 7,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $11.76, for a total transaction of $82,320.00. Following the completion of the transaction, the director now directly owns 123,754 shares in the company, valued at approximately $1,455,347.04. This represents a 5.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 34.30% of the stock is currently owned by company insiders.

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.