Militia Capital Partners LP Buys New Stake in Lindblad Expeditions $LIND

Key Points

• Militia Capital Partners LP invested approximately $238,000 in Lindblad Expeditions, acquiring 25,668 shares during the first quarter.
• Insiders at Lindblad Expeditions have sold a total of 568,553 shares valued at nearly $7.9 million in the last quarter, leading to a significant decrease in their ownership stakes.
• Lindblad Expeditions has reported a 5% increase in stock price recently, currently trading at around $13.73, despite facing a negative earnings per share report.

Militia Capital Partners LP purchased a new stake in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 25,668 shares of the company's stock, valued at approximately $238,000.

Several other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in Lindblad Expeditions by 3,188.1% during the first quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock worth $26,000 after buying an additional 2,678 shares in the last quarter. Quantbot Technologies LP grew its position in shares of Lindblad Expeditions by 28.3% in 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 during the period. ProShare Advisors LLC acquired a new position in shares of Lindblad Expeditions during the fourth quarter worth about $120,000. Numerai GP LLC acquired a new position in shares of Lindblad Expeditions during the 4th quarter worth about $127,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of Lindblad Expeditions in the fourth quarter valued at $139,000. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Price Performance

Shares of LIND stock traded down $0.10 during trading hours on Wednesday, reaching $12.84. 164,059 shares of the company traded hands, compared to its average volume of 333,003. The firm has a 50-day moving average price of $13.29 and a 200 day moving average price of $11.22. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $15.06. The company has a market cap of $703.34 million, a P/E ratio of -42.79 and a beta of 2.63.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate 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. Sell-side analysts predict that Lindblad Expeditions will post -0.43 EPS for the current year.

Insider Activity

In other Lindblad Expeditions news, CEO Benjamin Bressler sold 200,700 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 23,466 shares in the company, valued at $332,982.54. This represents a 89.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Trey Byus sold 16,585 shares of the 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 transaction, the insider owned 128,996 shares in the company, valued at approximately $1,919,460.48. The trade was a 11.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 568,553 shares of company stock worth $7,908,923 in the last ninety days. 34.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LIND shares. Craig Hallum set a $16.00 target price on Lindblad Expeditions and gave the stock a "buy" rating in a report on Friday, May 23rd. Stifel Nicolaus set a $18.00 target price on Lindblad Expeditions and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Saturday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $17.00.

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.