Lindblad Expeditions $LIND Stock Purchased by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates increased its Lindblad Expeditions position by 8% in the third quarter, adding 64,185 shares to own 864,233 shares valued at approximately $27.2 million. Institutional investors collectively hold 75.94% of the stock.
• Director Sven-Olof Lindblad sold 83,500 shares for about $2.86 million at an average price of $34.29, reducing his stake by 0.79%; insiders still own 26.10% of the company.
• Lindblad shares opened at $35.45, near their 52-week high, while analysts maintain a “Moderate Buy” consensus with an average $31.50 price target. The company’s latest quarterly results beat EPS and revenue estimates.

Pinnacle Associates Ltd. increased its position in Lindblad Expeditions (NASDAQ:LIND - Free Report) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 864,233 shares of the company's stock after buying an additional 64,185 shares during the period. Pinnacle Associates Ltd. owned 1.32% of Lindblad Expeditions worth $27,163,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Lindblad Expeditions during the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC increased its stake in Lindblad Expeditions by 35.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock worth $39,000 after acquiring an additional 326 shares during the last quarter. Allworth Financial LP bought a new stake in Lindblad Expeditions in the 2nd quarter worth approximately $38,000. Silvant Capital Management LLC purchased a new stake in shares of Lindblad Expeditions during the 2nd quarter worth approximately $58,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Lindblad Expeditions by 20.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company's stock worth $103,000 after acquiring an additional 562 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock in a transaction on Monday, October 19th. The shares were sold at an average price of $34.29, for a total transaction of $2,863,215.00. Following the completion of the transaction, the director directly owned 10,524,517 shares of the company's stock, valued at $360,885,687.93. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LIND has been the subject of a number of research reports. Zacks Research upgraded Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Jefferies Financial Group boosted their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a "hold" rating in a research report on Thursday, October 8th. Stifel Nicolaus set a $37.00 price target on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Sunday, September 20th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lindblad Expeditions presently has an average rating of "Moderate Buy" and an average target price of $31.50.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $35.45 on Wednesday. The company has a market cap of $2.33 billion, a PE ratio of -93.29 and a beta of 2.24. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $36.97. The stock's 50 day simple moving average is $30.69 and its two-hundred day simple moving average is $26.17.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.08. The firm had revenue of $199.25 million during the quarter, compared to analysts' expectations of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. Equities research analysts expect that Lindblad Expeditions will post 0.22 EPS for the current year.

Key Stories Impacting Lindblad Expeditions

Here are the key news stories impacting Lindblad Expeditions this week:

• Positive Sentiment: Technical breakout: Lindblad Expeditions was highlighted as an IBD “Stock of the Day” after moving above a technical buy point. The stock is trading well above its 50-day and 200-day moving averages and near its 52-week high, signaling strong momentum. Ecotourism Pioneer Lindblad, Stock Of The Day, Cruises Above Buy Point
• Positive Sentiment: Favorable analyst backdrop: Recent coverage cited upgrades, including Zacks Research moving the shares to “strong buy” and another firm raising its rating to “buy.” Benchmark previously lifted its price target to $34, while Stifel set a $37 target. The average analyst rating is “Moderate Buy,” although the consensus target cited in the coverage is below the current trading level. Lindblad Expeditions Insider Trading and Analyst Ratings
• Neutral Sentiment: Earnings date announced: Lindblad will report third-quarter 2026 results before the market opens on November 3 and hold a conference call afterward. The report could provide a new catalyst, particularly after the company’s latest quarterly results exceeded revenue and EPS expectations. Lindblad Expeditions to Report Third-Quarter 2026 Results
• Negative Sentiment: Director selling: Director Sven-Olof Lindblad sold 79,185 shares for approximately $2.75 million on October 16 and another 83,500 shares for about $2.86 million on October 19. He still owns more than 10.5 million shares, so the sales represent a small reduction in his stake, but they may raise caution after the stock’s strong run. Sven Lindblad Sells $5.6 Million in Lindblad Expeditions Stock

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc NASDAQ: LIND operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company's offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.

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