Aperture Investors LLC Lowers Stock Holdings in Lindblad Expeditions $LIND

Key Points

• Aperture Investors LLC decreased its stake in Lindblad Expeditions by 28.1% in the first quarter, now holding approximately 0.96% of the company valued at about $4.89 million.
• Lindblad Expeditions reported a quarterly loss of ($0.18) earnings per share, exceeding analysts' estimates of ($0.29), alongside a revenue of $167.95 million.
• Wall Street analysts remain optimistic, with a consensus rating of "Buy" and an average price target of $17.00 for Lindblad Expeditions shares.

Aperture Investors LLC decreased its holdings in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 28.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 527,053 shares of the company's stock after selling 206,409 shares during the period. Aperture Investors LLC owned 0.96% of Lindblad Expeditions worth $4,886,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in shares of Lindblad Expeditions by 3,188.1% during the 1st quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock valued at $26,000 after purchasing an additional 2,678 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Lindblad Expeditions by 28.3% during the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock valued at $56,000 after purchasing an additional 1,345 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Lindblad Expeditions during the 4th quarter valued at about $120,000. NewEdge Advisors LLC bought a new position in Lindblad Expeditions in the fourth quarter worth approximately $121,000. Finally, Caxton Associates LP bought a new position in Lindblad Expeditions in the fourth quarter worth approximately $124,000. Institutional investors own 75.94% of the company's stock.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, insider Trey Byus sold 16,585 shares of the firm's stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total transaction of $246,784.80. Following the sale, the insider owned 128,996 shares in the company, valued at $1,919,460.48. This trade represents a 11.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Benjamin Bressler sold 21,137 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $15.01, for a total value of $317,266.37. Following the sale, the chief executive officer owned 23,466 shares in the company, valued at $352,224.66. The trade was a 47.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 568,553 shares of company stock valued at $7,908,923 in the last three months. 34.00% of the stock is owned by corporate insiders.

Lindblad Expeditions Price Performance

Shares of Lindblad Expeditions stock traded down $0.25 during trading hours on Tuesday, reaching $14.33. The company had a trading volume of 367,550 shares, compared to its average volume of 331,153. Lindblad Expeditions has a one year low of $7.45 and a one year high of $15.06. The business has a fifty day simple moving average of $12.92 and a 200 day simple moving average of $11.07. The firm has a market cap of $785.14 million, a PE ratio of -47.77 and a beta of 2.63.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.18) EPS for the quarter, topping 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, research analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on LIND. 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. Craig Hallum set a $16.00 price target on Lindblad Expeditions and gave the stock a "buy" rating in a report on Friday, May 23rd. Finally, Wall Street Zen lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price 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.