Panagora Asset Management Inc. Has $1.49 Million Stock Position in Lindblad Expeditions $LIND

Key Points

• Panagora Asset Management Inc. increased its stake in Lindblad Expeditions by 30.6%, acquiring a total of 160,232 shares worth approximately $1.48 million.
• Lindblad Expeditions reported a EPS of ($0.18), surpassing analysts' expectations of ($0.29), with Q2 revenues hitting $167.95 million.
• Insider trades saw significant sales, with CEO Benjamin Bressler selling 21,137 shares, resulting in a 47.39% reduction in his ownership stake.

Panagora Asset Management Inc. lifted its position in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 30.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,232 shares of the company's stock after purchasing an additional 37,512 shares during the quarter. Panagora Asset Management Inc. owned about 0.29% of Lindblad Expeditions worth $1,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in LIND. Driehaus Capital Management LLC purchased a new stake in shares of Lindblad Expeditions in the first quarter worth approximately $5,900,000. Penn Capital Management Company LLC increased its position in shares of Lindblad Expeditions by 110.0% during the first quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock worth $8,766,000 after acquiring an additional 494,709 shares during the period. Quantbot Technologies LP increased its holdings in Lindblad Expeditions by 28.3% in the first quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock valued at $56,000 after buying an additional 1,345 shares during the last quarter. Algert Global LLC boosted its stake in Lindblad Expeditions by 56.1% in the first quarter. Algert Global LLC now owns 208,298 shares of the company's stock valued at $1,931,000 after acquiring an additional 74,823 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Lindblad Expeditions by 31.0% during the first quarter. Russell Investments Group Ltd. now owns 73,431 shares of the company's stock worth $681,000 after buying an additional 17,390 shares during the period. Institutional investors own 75.94% of the company's stock.

Wall Street Analyst Weigh In

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

Lindblad Expeditions Stock Down 4.2%

Shares of NASDAQ:LIND traded down $0.62 on Monday, hitting $14.04. 342,183 shares of the company traded hands, compared to its average volume of 330,893. The company has a market cap of $769.47 million, a PE ratio of -46.58 and a beta of 2.63. The stock has a 50 day simple moving average of $13.17 and a 200-day simple moving average of $11.11. Lindblad Expeditions has a 52 week low of $7.45 and a 52 week high of $15.06.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.11. The firm had revenue of $167.95 million for the quarter, compared to analysts' expectations of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insider Buying and Selling

In other Lindblad Expeditions news, insider Trey Byus sold 16,585 shares of Lindblad Expeditions stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total value of $246,784.80. Following the completion of the transaction, the insider directly owned 128,996 shares in the company, valued at $1,919,460.48. The trade was a 11.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Benjamin Bressler sold 200,700 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $14.19, for a total value of $2,847,933.00. Following the completion of 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 ownership of the stock. 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.