GC Wealth Management RIA LLC Takes Position in Lindblad Expeditions $LIND

Key Points

• GC Wealth Management RIA LLC acquired a new stake in Lindblad Expeditions, purchasing 297,069 shares valued at approximately $3,467,000, representing about 0.54% of the company.
• Various institutional investors have increased their stakes, with GAMMA Investing LLC raising its holdings by over 3,188% in the first quarter.
• According to analysts, Lindblad Expeditions has a consensus "Buy" rating and a target price of $17.00, with the stock currently trading around $12.95.

GC Wealth Management RIA LLC acquired a new stake in Lindblad Expeditions (NASDAQ:LIND - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 297,069 shares of the company's stock, valued at approximately $3,467,000. GC Wealth Management RIA LLC owned about 0.54% of Lindblad Expeditions at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LIND. GAMMA Investing LLC lifted its stake in Lindblad Expeditions by 3,188.1% in the first quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock valued at $26,000 after acquiring an additional 2,678 shares during the last quarter. Quantbot Technologies LP lifted its stake in Lindblad Expeditions by 28.3% in the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock valued at $56,000 after purchasing an additional 1,345 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Lindblad Expeditions in the 4th quarter valued at about $120,000. AQR Capital Management LLC lifted its position in shares of Lindblad Expeditions by 44.4% in the first quarter. AQR Capital Management LLC now owns 15,994 shares of the company's stock valued at $148,000 after buying an additional 4,921 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Lindblad Expeditions by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company's stock valued at $198,000 after buying an additional 1,037 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Stifel Nicolaus set a $18.00 target price on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Lindblad Expeditions has a consensus rating of "Buy" and an average price target of $17.00.

Lindblad Expeditions Stock Performance

LIND opened at $12.95 on Monday. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $15.06. The company has a market capitalization of $709.53 million, a P/E ratio of -43.17 and a beta of 2.63. The stock has a fifty day moving average of $13.32 and a 200-day moving average of $11.37.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 21,137 shares of Lindblad Expeditions stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $15.01, for a total value of $317,266.37. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares of the company's stock, valued at $352,224.66. The trade was a 47.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Trey Byus sold 16,585 shares of Lindblad Expeditions 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 of the company's stock, valued at $1,919,460.48. This represents a 11.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 568,553 shares of company stock valued at $7,908,923. 34.00% of the stock is owned by company insiders.

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.

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