Victory Capital Management Inc. has recently adjusted its significant stake in Lindblad Expeditions (NASDAQ:LIND), signaling a notable shift in its investment strategy. The institutional investor reduced its holdings by 3.3% in the first quarter, as detailed in its latest disclosure with the Securities and Exchange Commission (SEC).
This reduction saw Victory Capital Management divest 3,200 shares, bringing their total ownership down to 94,260 shares. Despite the decrease, the remaining stake in Lindblad Expeditions was valued at $874,000 at the close of the most recent financial quarter, representing 0.17% of the company’s stock.
Beyond Victory Capital, a dynamic landscape of institutional investor activity surrounds Lindblad Expeditions stock. GAMMA Investing LLC, for instance, significantly boosted its position by an impressive 3,188.1% in the first quarter, acquiring an additional 2,678 shares to now own 2,762 shares valued at $26,000.
Other prominent entities also initiated or increased their exposure to LIND. KLP Kapitalforvaltning AS, ProShare Advisors LLC, NewEdge Advisors LLC, and Caxton Associates LP all established new positions in Lindblad Expeditions during the fourth quarter, with stakes valued between $110,000 and $124,000, underscoring varied perspectives on the stock’s potential.
The company’s share performance reflects this evolving investment interest. Lindblad Expeditions (LIND) recently opened at $11.95, navigating a 12-month price range between a low of $6.76 and a high of $14.34. Its technical indicators show a 50-day simple moving average of $11.67 and a 200-day simple moving average of $10.88.
Further financial metrics offer a deeper insight into Lindblad Expeditions’ market standing. The company commands a market capitalization of $653.78 million, operates with a PE ratio of -19.92, and exhibits a beta of 2.65, indicating its volatility relative to the broader market. Institutional investors and hedge funds collectively own a substantial 75.94% of the company’s outstanding stock, highlighting a high degree of professional involvement.
In a related development, the CEO of Lindblad Expeditions executed a significant share sale in July, offloading 47,325 shares at an average price of $13.02, totaling over $616,000. This transaction, publicly disclosed, slightly reduced the CEO’s overall position but they still retain a substantial 1,310,460 shares, valued at more than $17 million, demonstrating continued insider confidence. Overall, company insiders currently hold 34.00% of the stock, further emphasizing alignment with shareholder interests.
Lindblad Expeditions Holdings, Inc. itself specializes in marine expedition adventures and unique travel experiences across the globe. The company operates through distinct segments, offering ship-based expeditions to remote and culturally significant locations, equipped with advanced tools for in-depth exploration in regions such as Antarctica, the Arctic, the Galápagos Islands, and Alaska.
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