Harbor Capital Advisors Inc. Takes Position in Lindblad Expeditions $LIND

Key Points

• Harbor Capital Advisors Inc. acquired a new stake in Lindblad Expeditions, purchasing 120,432 shares valued at approximately $1,405,000 in the 2nd quarter.
• Several other institutional investors also increased their stakes in Lindblad Expeditions, with BNP Paribas Financial Markets raising its holdings by 71.9% during the last quarter.
• Lindblad Expeditions stock has recently seen a price target set at $18.00 by Stifel Nicolaus, following an upgrade to a "buy" rating from Wall Street analysts.

Harbor Capital Advisors Inc. purchased a new position in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 120,432 shares of the company's stock, valued at approximately $1,405,000. Harbor Capital Advisors Inc. owned approximately 0.22% of Lindblad Expeditions at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LIND. Militia Capital Partners LP bought a new position in shares of Lindblad Expeditions in the first quarter worth $238,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Lindblad Expeditions by 5.1% in the 1st 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 in the last quarter. Anchor Capital Management Company LLC boosted its position in shares of Lindblad Expeditions by 7.6% during the 1st quarter. Anchor Capital Management Company LLC now owns 1,644,903 shares of the company's stock worth $15,248,000 after acquiring an additional 115,814 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Lindblad Expeditions by 44.4% during the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company's stock worth $148,000 after acquiring an additional 4,921 shares in the last quarter. Finally, Ariel Investments LLC increased its stake in Lindblad Expeditions by 6.0% in the first quarter. Ariel Investments LLC now owns 7,777,768 shares of the company's stock valued at $72,100,000 after acquiring an additional 441,046 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Lindblad Expeditions Stock Up 0.1%

Shares of NASDAQ:LIND traded up $0.01 during trading on Monday, hitting $12.99. 297,774 shares of the company were exchanged, compared to its average volume of 455,284. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $15.06. The company has a market capitalization of $711.72 million, a P/E ratio of -43.30 and a beta of 2.63. The business's 50 day moving average is $13.28 and its 200-day moving average is $11.29.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $167.95 million for the quarter, compared to analyst estimates of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insider Activity

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 21,137 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $15.01, for a total transaction of $317,266.37. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Trey Byus sold 16,585 shares of the company's stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $14.88, for a total transaction of $246,784.80. Following the completion of the transaction, the insider owned 128,996 shares of the company's stock, valued at approximately $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. Over the last 90 days, insiders have sold 568,553 shares of company stock worth $7,908,923. Company insiders own 34.00% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on LIND. Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Stifel Nicolaus set a $18.00 price target on Lindblad Expeditions and gave the stock a "buy" rating in a report on Tuesday, August 5th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Lindblad Expeditions currently has a consensus rating of "Buy" and an average target price of $17.00.

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.