Ariel Investments LLC Buys 441,046 Shares of Lindblad Expeditions $LIND

Key Points

• Ariel Investments LLC has increased its stake in Lindblad Expeditions by 6.0%, owning approximately 14.22% of the company after purchasing 441,046 additional shares, totaling around $72.1 million.
• Several hedge funds have significantly modified their holdings of Lindblad Expeditions, with GAMMA Investing LLC increasing its holdings by 3,188.1% during the same period.
• The company's latest earnings report showed a loss of ($0.18) earnings per share, which was better than the consensus estimate of ($0.29), while revenue was reported at $167.95 million.

Ariel Investments LLC grew its stake in Lindblad Expeditions (NASDAQ:LIND - Free Report) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,777,768 shares of the company's stock after acquiring an additional 441,046 shares during the quarter. Ariel Investments LLC owned about 14.22% of Lindblad Expeditions worth $72,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Driehaus Capital Management LLC acquired a new position in Lindblad Expeditions in the 1st quarter worth about $5,900,000. 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 in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Lindblad Expeditions by 106.9% during the first quarter. New York State Common Retirement Fund now owns 684,851 shares of the company's stock worth $6,349,000 after purchasing an additional 353,817 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of Lindblad Expeditions during the first quarter worth about $1,872,000. Finally, Silvercrest Asset Management Group LLC boosted its holdings in Lindblad Expeditions by 29.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 739,108 shares of the company's stock valued at $8,766,000 after purchasing an additional 168,958 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Craig Hallum set a $16.00 price target on Lindblad Expeditions and gave the company a "buy" rating in a report on Friday, May 23rd. Stifel Nicolaus set a $18.00 target price on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen cut shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Lindblad Expeditions currently has an average rating of "Buy" and a consensus target price of $17.00.

Lindblad Expeditions Trading Up 1.2%

Shares of NASDAQ:LIND traded up $0.18 during trading on Friday, hitting $14.66. 392,171 shares of the company's stock were exchanged, compared to its average volume of 369,423. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $15.06. The firm has a 50-day moving average price of $13.17 and a two-hundred day moving average price of $11.12. The firm has a market cap of $803.22 million, a P/E ratio of -48.87 and a beta of 2.63.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced 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 the consensus estimate of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. As a group, research analysts predict that Lindblad Expeditions will post -0.43 EPS for the current year.

Insider Activity at Lindblad Expeditions

In related news, insider Trey Byus sold 16,585 shares of the business's stock in a transaction 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 transaction, the insider owned 128,996 shares in the company, valued at $1,919,460.48. The trade was a 11.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Benjamin Bressler sold 200,700 shares of the business's stock in a transaction 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 sale, the chief executive officer 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 568,553 shares of company stock valued at $7,908,923. Company insiders own 34.00% of the company's stock.

Lindblad Expeditions Company 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.