SG Americas Securities LLC Raises Stake in Lindblad Expeditions $LIND

Key Points

• SG Americas Securities LLC raised its stake in Lindblad Expeditions by 112.4% in Q4 to 172,265 shares (≈$2.48M), with institutional investors owning about 75.94% of the stock.
• Insider selling has been substantial — 1,829,996 shares worth $30.69M sold in the past 90 days (including large director sales), although insiders still hold about 34% of the company.
• Lindblad reported an EPS miss (−$0.45 vs. −$0.32 est.) but revenue beat; the stock trades near $17 with a $1.11B market cap, and analysts have a consensus "Moderate Buy" target of $22.25.

SG Americas Securities LLC raised its position in Lindblad Expeditions (NASDAQ:LIND - Free Report) by 112.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 172,265 shares of the company's stock after purchasing an additional 91,176 shares during the period. SG Americas Securities LLC owned 0.31% of Lindblad Expeditions worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LIND. State of Alaska Department of Revenue acquired a new position in shares of Lindblad Expeditions during the third quarter worth $35,000. Osaic Holdings Inc. increased its holdings in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company's stock valued at $41,000 after buying an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company's stock valued at $56,000 after buying an additional 3,311 shares in the last quarter. CWM LLC lifted its holdings in Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company's stock worth $62,000 after buying an additional 3,166 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in Lindblad Expeditions by 579.1% during the 3rd quarter. Federated Hermes Inc. now owns 8,129 shares of the company's stock worth $104,000 after buying an additional 6,932 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lindblad Expeditions

In related news, Director John M. Fahey, Jr. sold 7,768 shares of the company's stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total transaction of $137,182.88. Following the sale, the director directly owned 122,986 shares of the company's stock, valued at approximately $2,171,932.76. This represents a 5.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of Lindblad Expeditions stock in a transaction on Monday, March 9th. The stock was sold at an average price of $17.57, for a total transaction of $983,920.00. Following the completion of the transaction, the director directly owned 45,488 shares of the company's stock, valued at approximately $799,224.16. This represents a 55.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,829,996 shares of company stock valued at $30,687,123 over the last 90 days. Insiders own 34.00% of the company's stock.

Lindblad Expeditions Price Performance

Lindblad Expeditions stock opened at $17.06 on Friday. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -27.08 and a beta of 2.25. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $21.23. The stock's 50-day moving average is $18.39 and its 200-day moving average is $15.03.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.32) by ($0.13). The firm had revenue of $183.18 million during the quarter, compared to analyst estimates of $167.66 million. Research analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Zacks Research downgraded Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 4th. Citigroup assumed coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They set a "buy" rating for the company. Stifel Nicolaus increased their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday, January 12th. Benchmark lifted their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions has an average rating of "Moderate Buy" and a consensus target price of $22.25.

About Lindblad Expeditions

Lindblad Expeditions NASDAQ: LIND is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world's most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica's rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.

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