Algert Global LLC Buys 74,823 Shares of Lindblad Expeditions $LIND

Algert Global LLC grew its position in shares of Lindblad Expeditions (NASDAQ:LIND) by 56.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 208,298 shares of the company’s stock after acquiring an additional 74,823 shares during the period. Algert Global LLC’s holdings in Lindblad Expeditions were worth $1,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake 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 valued at $26,000 after acquiring an additional 2,678 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter valued at about $120,000. NewEdge Advisors LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter valued at about $121,000. Caxton Associates LP bought a new position in shares of Lindblad Expeditions during the fourth quarter valued at about $124,000. Finally, Numerai GP LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter valued at about $127,000. 75.94% of the stock is owned by institutional investors.

Lindblad Expeditions Price Performance

Shares of Lindblad Expeditions stock opened at $13.83 on Friday. The company has a 50-day moving average of $12.38 and a 200 day moving average of $10.98. The firm has a market cap of $757.73 million, a price-to-earnings ratio of -46.10 and a beta of 2.71. Lindblad Expeditions has a 1 year low of $7.45 and a 1 year high of $14.34.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results 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 business had revenue of $167.95 million during the quarter, compared to the consensus estimate of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LIND. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Craig Hallum set a $16.00 price objective on shares of Lindblad Expeditions and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the company a “buy” rating in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Lindblad Expeditions currently has an average rating of “Buy” and a consensus price target of $16.67.

Insider Activity

In related news, CEO Benjamin Bressler sold 167,494 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $13.05, for a total value of $2,185,796.70. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at $306,231.30. This trade represents a 87.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 244,072 shares of company stock valued at $3,204,948. 34.00% of the stock is owned by company insiders.

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.