Lindblad Expeditions $LIND is Anchor Capital Management Company LLC's 3rd Largest Position

Key Points

• Anchor Capital Management increased its stake in Lindblad Expeditions by 7.6%, owning 1,644,903 shares worth approximately $15.25 million, making it the fund's third largest position.
• Institutional investors collectively own 75.94% of Lindblad Expeditions' stock, indicating strong support from large investment firms.
• According to analysts, Lindblad's stock has a consensus rating of "Buy" with a target price of $17.00, although some firms have downgraded their ratings recently.

Anchor Capital Management Company LLC increased its holdings in Lindblad Expeditions (NASDAQ:LIND - Free Report) by 7.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,644,903 shares of the company's stock after buying an additional 115,814 shares during the quarter. Lindblad Expeditions comprises approximately 15.3% of Anchor Capital Management Company LLC's portfolio, making the stock its 3rd biggest position. Anchor Capital Management Company LLC owned about 3.01% of Lindblad Expeditions worth $15,248,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LIND. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Lindblad Expeditions by 4.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,292 shares of the company's stock worth $241,000 after purchasing an additional 912 shares during the last quarter. Graham Capital Management L.P. boosted its position in Lindblad Expeditions by 4.3% in the fourth quarter. Graham Capital Management L.P. now owns 31,748 shares of the company's stock worth $377,000 after purchasing an additional 1,315 shares during the last quarter. Quantbot Technologies LP boosted its position in Lindblad Expeditions by 28.3% in the first quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock worth $56,000 after purchasing an additional 1,345 shares during the last quarter. Occudo Quantitative Strategies LP boosted its position in Lindblad Expeditions by 21.2% in the fourth quarter. Occudo Quantitative Strategies LP now owns 13,762 shares of the company's stock worth $163,000 after purchasing an additional 2,409 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Lindblad Expeditions by 9.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 28,443 shares of the company's stock valued at $337,000 after buying an additional 2,485 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 200,700 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $14.19, for a total value of $2,847,933.00. Following the transaction, the chief executive officer owned 23,466 shares of the company's stock, valued at $332,982.54. This represents a 89.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Trey Byus sold 16,585 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $14.88, for a total value of $246,784.80. Following the completion of the transaction, the insider directly owned 128,996 shares in the company, valued at $1,919,460.48. This trade represents a 11.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 568,553 shares of company stock worth $7,908,923 in the last ninety days. 34.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LIND. Wall Street Zen cut Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Stifel Nicolaus set a $18.00 price objective on Lindblad Expeditions and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Craig Hallum set a $16.00 price objective on Lindblad Expeditions and gave the company a "buy" rating in a research report on Friday, May 23rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Lindblad Expeditions has a consensus rating of "Buy" and a consensus target price of $17.00.

Lindblad Expeditions Trading Down 6.6%

Shares of NASDAQ LIND traded down $0.97 during trading hours on Monday, hitting $13.70. 211,611 shares of the company traded hands, compared to its average volume of 330,195. The stock has a market capitalization of $750.35 million, a price-to-earnings ratio of -45.57 and a beta of 2.63. The company's 50 day moving average price is $13.17 and its 200 day moving average price is $11.11. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $15.06.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its earnings results on Monday, August 4th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.11. The company had revenue of $167.95 million for the quarter, compared to the consensus estimate of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. Equities analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current year.

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.