Russell Investments Group Ltd. Grows Stock Holdings in Lindblad Expeditions $LIND

Key Points

• Russell Investments Group Ltd. increased its holdings in Lindblad Expeditions by 31.0%, purchasing an additional 17,390 shares, bringing their total to approximately 73,431 shares valued at about $681,000.
• Lindblad Expeditions' stock is currently down 1.7%, with a market cap of $798.84 million and a reported EPS of ($0.18), which beat analyst estimates.
• Recent insider transactions include significant sales by the CEO and another executive, with over 568,553 shares sold in three months, indicating potential shifts in ownership dynamics.

Russell Investments Group Ltd. increased its holdings in shares of Lindblad Expeditions (NASDAQ:LIND - Free Report) by 31.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,431 shares of the company's stock after acquiring an additional 17,390 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Lindblad Expeditions worth $681,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Lindblad Expeditions by 3,188.1% in the 1st quarter. GAMMA Investing LLC now owns 2,762 shares of the company's stock worth $26,000 after acquiring an additional 2,678 shares during the last quarter. ProShare Advisors LLC purchased a new stake in shares of Lindblad Expeditions in the fourth quarter valued at about $120,000. NewEdge Advisors LLC acquired a new stake in Lindblad Expeditions during the fourth quarter worth about $121,000. Caxton Associates LP purchased a new position in Lindblad Expeditions during the fourth quarter worth about $124,000. Finally, Numerai GP LLC acquired a new position in Lindblad Expeditions in the 4th quarter valued at about $127,000. Institutional investors and hedge funds own 75.94% of the company's stock.

Lindblad Expeditions Trading Up 0.9%

NASDAQ:LIND traded up $0.13 during trading hours on Thursday, hitting $14.42. The company's stock had a trading volume of 42,589 shares, compared to its average volume of 329,347. The stock has a fifty day moving average of $13.04 and a 200-day moving average of $11.11. The stock has a market capitalization of $790.07 million, a P/E ratio of -48.08 and a beta of 2.63. 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. On average, sell-side analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insider Buying and Selling at Lindblad Expeditions

In related news, CEO Benjamin Bressler sold 200,700 shares of Lindblad Expeditions stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $14.19, for a total transaction of $2,847,933.00. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares of the company's stock, valued at approximately $332,982.54. The trade was a 89.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Trey Byus sold 16,585 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $14.88, for a total value of $246,784.80. Following the completion of the transaction, the insider owned 128,996 shares of the company's stock, valued at approximately $1,919,460.48. This represents a 11.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 568,553 shares of company stock valued at $7,908,923 in the last quarter. 34.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen cut Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Craig Hallum set a $16.00 target price on Lindblad Expeditions and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average 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.