Lindblad Expeditions (NASDAQ:LIND) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Lindblad Expeditions experienced a significant increase in trading volume, with approximately 1,008,723 shares traded, a rise of 196% from the previous session.
• Analysts have a positive outlook on the stock, with a Buy rating from multiple firms and a consensus target price of $17.00.
• The company reported earnings of ($0.18) EPS, beating expectations, and had a revenue of $167.95 million for the quarter.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 1,008,723 shares traded hands during trading, an increase of 196% from the previous session's volume of 340,401 shares.The stock last traded at $13.10 and had previously closed at $12.95.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Wall Street Zen raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $17.00.

Lindblad Expeditions Stock Performance

The firm's 50-day moving average is $13.28 and its 200 day moving average is $11.29.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.11. The firm had revenue of $167.95 million during the quarter, compared to analysts' expectations of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. Equities research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insider Activity at Lindblad Expeditions

In other news, insider Trey Byus sold 16,585 shares of Lindblad Expeditions stock in a transaction that occurred 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 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Benjamin Bressler sold 200,700 shares of the business's 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 transaction, the chief executive officer directly owned 23,466 shares in the company, valued at $332,982.54. This trade represents a 89.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 568,553 shares of company stock worth $7,908,923. Insiders own 34.00% of the company's stock.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of 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. Osaic Holdings Inc. boosted 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 acquiring an additional 1,322 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of Lindblad Expeditions by 28.3% during the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company's stock worth $56,000 after buying an additional 1,345 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company's stock worth $56,000 after purchasing an additional 3,311 shares during the period. Finally, AlphaQuest LLC raised its position in Lindblad Expeditions by 167.4% in the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company's stock valued at $101,000 after buying an additional 5,427 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

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.