Driehaus Capital Management LLC Invests $5.90 Million in Lindblad Expeditions $LIND

Key Points

• Driehaus Capital Management LLC invested $5.90 million in Lindblad Expeditions, acquiring 636,461 shares and representing approximately 1.16% ownership in the company.
• The stock currently has a consensus rating of "Buy" with an average target price of $17.00, but some brokerages have given varying ratings from "buy" to "hold."
• Lindblad Expeditions reported earnings of ($0.18) EPS, beating estimates and generating revenues of $167.95 million for the quarter, up from an expected $158.97 million.

Driehaus Capital Management LLC acquired a new stake in Lindblad Expeditions (NASDAQ:LIND - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 636,461 shares of the company's stock, valued at approximately $5,900,000. Driehaus Capital Management LLC owned about 1.16% of Lindblad Expeditions at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Penn Capital Management Company LLC raised its stake in Lindblad Expeditions by 110.0% in the first quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock valued at $8,766,000 after buying an additional 494,709 shares during the period. New York State Common Retirement Fund boosted its stake in shares of Lindblad Expeditions by 106.9% in the 1st quarter. New York State Common Retirement Fund now owns 684,851 shares of the company's stock valued at $6,349,000 after purchasing an additional 353,817 shares in the last quarter. North Star Investment Management Corp. acquired a new position in Lindblad Expeditions in the 1st quarter worth about $1,872,000. Silvercrest Asset Management Group LLC lifted its holdings in shares of Lindblad Expeditions by 29.6% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 739,108 shares of the company's stock worth $8,766,000 after purchasing an additional 168,958 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Lindblad Expeditions in the first quarter worth approximately $1,257,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 200,700 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $14.19, for a total transaction of $2,847,933.00. Following the completion of the sale, the chief executive officer directly owned 23,466 shares of the company's stock, valued at $332,982.54. This trade represents a 89.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Trey Byus sold 16,585 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total value of $246,784.80. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 568,553 shares of company stock valued at $7,908,923 over the last 90 days. 34.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LIND has been the topic of several research analyst reports. Wall Street Zen lowered shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Craig Hallum set a $16.00 price target on shares of Lindblad Expeditions and gave the company a "buy" rating in a research report on Friday, May 23rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $17.00.

Lindblad Expeditions Trading Up 1.4%

NASDAQ:LIND traded up $0.20 during mid-day trading on Thursday, reaching $14.49. The company's stock had a trading volume of 130,970 shares, compared to its average volume of 329,920. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $15.06. The stock has a market cap of $793.85 million, a P/E ratio of -48.23 and a beta of 2.63. The firm's fifty day moving average price is $13.04 and its two-hundred day moving average price is $11.11.

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

About Lindblad Expeditions

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.