Lindblad Expeditions $LIND Position Raised by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors increased its Lindblad Expeditions position by 59% in the first quarter, bringing its holdings to 786,119 shares worth approximately $13.6 million. Institutional investors collectively own 75.94% of the company.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $31.20, although ratings range from Strong Buy to Sell.
• Lindblad reported quarterly revenue of $199.25 million and an adjusted loss of $0.02 per share, beating analysts’ estimates. However, insiders sold 88,602 shares worth about $2.0 million over the past three months.

Dimensional Fund Advisors LP lifted its position in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 59.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 786,119 shares of the company's stock after acquiring an additional 291,776 shares during the period. Dimensional Fund Advisors LP owned 1.20% of Lindblad Expeditions worth $13,598,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Graham Capital Management L.P. lifted its position in Lindblad Expeditions by 2.4% in the 4th quarter. Graham Capital Management L.P. now owns 24,763 shares of the company's stock valued at $357,000 after purchasing an additional 590 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 purchasing an additional 1,037 shares during the period. Deutsche Bank AG increased its stake in shares of Lindblad Expeditions by 4.0% in the fourth quarter. Deutsche Bank AG now owns 29,521 shares of the company's stock valued at $426,000 after purchasing an additional 1,140 shares during the period. Aristides Capital LLC boosted its position in shares of Lindblad Expeditions by 4.7% during the fourth quarter. Aristides Capital LLC now owns 26,180 shares of the company's stock worth $378,000 after buying an additional 1,180 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Lindblad Expeditions by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company's stock worth $168,000 after buying an additional 1,222 shares during the period. Institutional investors and hedge funds own 75.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $29.00 target price on Lindblad Expeditions in a research report on Thursday. Wall Street Zen cut Lindblad Expeditions from a "buy" rating to a "hold" rating in a research note on Saturday. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research note on Tuesday. Weiss Ratings restated a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Finally, Benchmark upped their price objective on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a "buy" rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Lindblad Expeditions presently has an average rating of "Moderate Buy" and a consensus price target of $31.20.

Insider Buying and Selling

In other news, Director Michael Elliott Bisnow sold 44,642 shares of the firm's stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the transaction, the director owned 25,872 shares in the company, valued at approximately $626,361.12. This trade represents a 63.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John M. Fahey, Jr. sold 3,500 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $20.04, for a total transaction of $70,140.00. Following the completion of the transaction, the director directly owned 119,486 shares in the company, valued at $2,394,499.44. This represents a 2.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 88,602 shares of company stock valued at $1,966,009 over the last three months. Company insiders own 26.10% of the company's stock.

Lindblad Expeditions Price Performance

LIND opened at $33.95 on Friday. The business has a 50 day moving average price of $26.73 and a two-hundred day moving average price of $21.55. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -89.34 and a beta of 2.24. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $34.95.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%.The company had revenue of $199.25 million for the quarter, compared to analysts' expectations of $185.86 million. Equities analysts expect that Lindblad Expeditions will post 0.17 EPS for the current fiscal year.

About Lindblad Expeditions

Lindblad Expeditions NASDAQ: LIND is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world's most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica's rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.

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