Two strains of peridinioids were isolated from a flooded stream near Aveiro, central Portugal, and examined by light microscopy, scanning electron microscopy and serial-section transmission electron microscopy. The two strains showed the same tabulation and cell shape as Peridiniopsis cunningtonii. One of the strains had lightly reticulated plates and spines in most hypothecal plates, matching the features of typical P. cunningtonii. The other strain showed smooth plates and consistently lacked spines in the apiculate hypotheca. The strains were similar in fine structure and had a central pyrenoid with a starch sheath and perforated by cytoplasmic channels. Details of the flagellar apparatus matched those known from Parvodinium, as did the remarkably long microtubular strand leading to an extruded peduncle that was visible in serial sections. Phylogenetic analyses based on partial LSU rDNA and the concatenated ribosomal operon placed the strain with the smooth hypotheca in a clade with Parvodinium species. The two strains grouped as closely related sister taxa in the partial LSU rDNA phylogeny. A new combination is proposed, Parvodinium cunningtonii comb. nov. and a new variety, Parvodinium cunningtonii var. inerme var. nov., is described.