Lindblad Expeditions $LIND Shares Sold by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA significantly decreased its stake in Lindblad Expeditions by 69.2% in the first quarter, now holding 10,525 shares worth $98,000.
• A variety of institutional investors have increased their positions in Lindblad Expeditions, with Ariel Investments LLC raising its stake by 6.0%, now owning 7,777,768 shares valued at approximately $72.1 million.
• Analysts have mixed opinions on the stock, with some setting a buy rating and others downgrading it to hold, leading to a current consensus rating of "Buy" and an average price target of $17.00.

Petrus Trust Company LTA trimmed its position in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 69.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,525 shares of the company's stock after selling 23,608 shares during the period. Petrus Trust Company LTA's holdings in Lindblad Expeditions were worth $98,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Lindblad Expeditions by 29.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,762 shares of the company's stock valued at $176,000 after acquiring an additional 3,381 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Lindblad Expeditions by 2.5% in the first quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company's stock valued at $21,050,000 after acquiring an additional 55,003 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Lindblad Expeditions by 36.9% in the fourth quarter. Two Sigma Advisers LP now owns 240,600 shares of the company's stock valued at $2,854,000 after acquiring an additional 64,800 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Lindblad Expeditions in the fourth quarter valued at $304,000. Finally, Man Group plc purchased a new position in Lindblad Expeditions in the fourth quarter valued at $374,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Lindblad Expeditions Stock Performance

Shares of LIND stock traded down $0.11 during mid-day trading on Monday, hitting $13.32. 78,187 shares of the stock were exchanged, compared to its average volume of 330,800. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $15.06. The stock's fifty day simple moving average is $13.28 and its two-hundred day simple moving average is $11.20. The stock has a market capitalization of $729.53 million, a price-to-earnings ratio of -44.37 and a beta of 2.63.

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

Analysts Set New Price Targets

LIND has been the topic of several recent analyst reports. Stifel Nicolaus set a $18.00 target price on Lindblad Expeditions and gave the company a "buy" rating in a report on Tuesday, August 5th. 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. Finally, Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Saturday. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of "Buy" and an average price target of $17.00.

Insider Transactions at Lindblad Expeditions

In related 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Benjamin Bressler sold 200,700 shares of the firm's 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 completion of the sale, the chief executive officer owned 23,466 shares of the company's stock, valued at approximately $332,982.54. The trade was a 89.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 568,553 shares of company stock worth $7,908,923. Corporate insiders own 34.00% of the company's stock.

Lindblad Expeditions Company 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.