Vanguard Group Inc. Acquires 55,003 Shares of Lindblad Expeditions $LIND

Key Points

• The Vanguard Group Inc. increased its holdings in Lindblad Expeditions by 2.5% during the first quarter, owning 4.16% of the company valued at approximately $21 million.
• Lindblad Expeditions recently reported earnings that surpassed analyst expectations, with a revenue of $167.95 million and an EPS of ($0.18) for the quarter.
• Insiders have sold a total of 568,553 shares of Lindblad Expeditions over the last ninety days, with a noted significant decrease in holdings by both CEO Benjamin Bressler and insider Trey Byus.

Vanguard Group Inc. grew its holdings in Lindblad Expeditions (NASDAQ:LIND - Free Report) by 2.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,270,726 shares of the company's stock after purchasing an additional 55,003 shares during the period. Vanguard Group Inc. owned about 4.16% of Lindblad Expeditions worth $21,050,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LIND. New York State Common Retirement Fund raised its stake in Lindblad Expeditions by 106.9% during the 1st quarter. New York State Common Retirement Fund now owns 684,851 shares of the company's stock worth $6,349,000 after acquiring an additional 353,817 shares during the period. North Star Investment Management Corp. purchased a new position in shares of Lindblad Expeditions during the 1st quarter valued at $1,872,000. Silvercrest Asset Management Group LLC lifted its stake in shares of Lindblad Expeditions by 29.6% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 739,108 shares of the company's stock valued at $8,766,000 after buying an additional 168,958 shares in the last quarter. Anchor Capital Management Company LLC boosted its holdings in Lindblad Expeditions by 6.9% in the 4th quarter. Anchor Capital Management Company LLC now owns 1,529,089 shares of the company's stock worth $18,135,000 after buying an additional 98,514 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Lindblad Expeditions by 32.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 349,306 shares of the company's stock valued at $4,143,000 after acquiring an additional 85,534 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Lindblad Expeditions Trading Down 1.7%

NASDAQ LIND traded down $0.25 during trading hours on Wednesday, reaching $14.08. 137,973 shares of the company traded hands, compared to its average volume of 329,818. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $15.06. The company has a 50 day moving average of $12.98 and a two-hundred day moving average of $11.09. The stock has a market capitalization of $771.43 million, a PE ratio of -46.90 and a beta of 2.63.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.11. The company 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. On average, equities research analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Benjamin Bressler sold 200,700 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 23,466 shares of the company's stock, valued at approximately $332,982.54. This represents a 89.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Trey Byus sold 16,585 shares of the business's stock in a transaction that occurred 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 owned 128,996 shares of the company's stock, valued at $1,919,460.48. This trade represents a 11.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 568,553 shares of company stock valued at $7,908,923. Company insiders own 34.00% of the company's stock.

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.