Goldman Sachs Group Inc. Reduces Position in Lindblad Expeditions $LIND

Key Points

• Goldman Sachs Group Inc. reduced its stake in Lindblad Expeditions by 25.3%, holding approximately 155,610 shares worth $1,443,000 after selling 52,658 shares earlier this quarter.
• Lindblad Expeditions' stock price opened at $12.98 and has experienced a twelve-month low of $7.45 and a high of $15.06, with a current market cap of $711.17 million.
• Insider trading activity has been notable, with CEO Benjamin Bressler selling 200,700 shares, representing a 89.53% decrease in his ownership of the stock.

Goldman Sachs Group Inc. cut its position in Lindblad Expeditions (NASDAQ:LIND - Free Report) by 25.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,610 shares of the company's stock after selling 52,658 shares during the period. Goldman Sachs Group Inc. owned about 0.28% of Lindblad Expeditions worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of LIND. GAMMA Investing LLC increased its stake in shares of Lindblad Expeditions by 3,188.1% in the first quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock worth $26,000 after purchasing an additional 2,678 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of 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 in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Lindblad Expeditions in the fourth quarter worth $120,000. AQR Capital Management LLC increased its stake 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 worth $148,000 after purchasing an additional 4,921 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Lindblad Expeditions by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company's stock valued at $198,000 after acquiring an additional 1,037 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 200,700 shares of Lindblad Expeditions stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $14.19, for a total value of $2,847,933.00. Following the completion of the transaction, 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 at this link. Also, insider Trey Byus sold 16,585 shares of Lindblad Expeditions stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total transaction 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. The trade was 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 three months. Corporate insiders own 34.00% of the company's stock.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND traded up $0.04 on Tuesday, reaching $13.03. The company's stock had a trading volume of 122,507 shares, compared to its average volume of 343,049. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $15.06. The company has a market cap of $713.64 million, a P/E ratio of -43.42 and a beta of 2.63. The company has a 50-day simple moving average of $13.28 and a 200 day simple moving average of $11.29.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.18) EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.11. The business had revenue of $167.95 million during the quarter, compared to analysts' expectations of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.