Lindblad Expeditions (NASDAQ:LIND) Trading Down 6.6% - Time to Sell?

Key Points

• Lindblad Expeditions shares dropped 6.6% to $13.69 on Monday, with trading volume down by 71% from average levels.
• Recent analyst updates include a downgrade from "buy" to "hold" by Wall Street Zen and a price target range from $16.00 to $18.00 from other firms, with an average target of $17.00.
• Insider activity shows significant selling, including CEO Benjamin Bressler offloading over 200,000 shares, resulting in an 89.53% decrease in his holdings.

Shares of Lindblad Expeditions (NASDAQ:LIND - Get Free Report) dropped 6.6% during mid-day trading on Monday . The stock traded as low as $14.09 and last traded at $13.69. Approximately 96,473 shares changed hands during trading, a decline of 71% from the average daily volume of 329,421 shares. The stock had previously closed at $14.66.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Saturday. Stifel Nicolaus set a $18.00 price objective on Lindblad Expeditions and gave the company a "buy" rating in a research note on Tuesday, August 5th. Finally, Craig Hallum set a $16.00 price objective on Lindblad Expeditions and gave the company a "buy" rating in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Lindblad Expeditions presently has an average rating of "Buy" and an average price target of $17.00.

Lindblad Expeditions Stock Performance

The stock has a market capitalization of $735.28 million, a price-to-earnings ratio of -44.73 and a beta of 2.63. The company has a 50 day moving average of $13.28 and a 200 day moving average of $11.19.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its earnings results on Monday, August 4th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.11. The company had revenue of $167.95 million for the quarter, compared to analyst estimates of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. As a group, research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In related news, 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 completion of the transaction, the chief executive officer directly owned 23,466 shares of the company's stock, valued at $332,982.54. The trade was a 89.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Trey Byus sold 16,585 shares of Lindblad Expeditions stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $14.88, for a total value of $246,784.80. Following the sale, the insider directly 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 disclosure for this sale can be found here. Insiders have sold a total of 568,553 shares of company stock valued at $7,908,923 over the last three months. 34.00% of the stock is currently owned by insiders.

Institutional Trading of Lindblad Expeditions

A number of institutional investors have recently bought and sold shares of the business. Ariel Investments LLC lifted its holdings in Lindblad Expeditions by 6.0% during the 1st quarter. Ariel Investments LLC now owns 7,777,768 shares of the company's stock worth $72,100,000 after buying an additional 441,046 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Lindblad Expeditions by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company's stock valued at $21,050,000 after purchasing an additional 55,003 shares during the last quarter. Anchor Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 8.2% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,779,903 shares of the company's stock valued at $20,771,000 after purchasing an additional 135,000 shares during the last quarter. Penn Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 110.0% in the 1st quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock valued at $8,766,000 after purchasing an additional 494,709 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Lindblad Expeditions by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 899,844 shares of the company's stock valued at $10,503,000 after purchasing an additional 18,638 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other 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.