Lindblad Expeditions $LIND Shares Sold by Pinnacle Associates Ltd.

Posted by Brenda Bartman on May 15th, 2026

Pinnacle Associates Ltd. cut its stake in shares of Lindblad Expeditions (NASDAQ:LIND – Free Report) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 909,499 shares of the company’s stock after selling 53,049 shares during the period. Pinnacle Associates Ltd.’s holdings in Lindblad Expeditions were worth $13,115,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Lindblad Expeditions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after purchasing an additional 29,642 shares during the last quarter. Anchor Capital Management Company LLC lifted its position in shares of Lindblad Expeditions by 7.4% during the 3rd quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after purchasing an additional 131,203 shares during the last quarter. Black Diamond Financial LLC grew its stake in shares of Lindblad Expeditions by 13.6% during the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after purchasing an additional 127,950 shares in the last quarter. Penn Capital Management Company LLC grew its stake in shares of Lindblad Expeditions by 1.7% during the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after purchasing an additional 16,418 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after buying an additional 446,294 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Stock Up 2.5%

NASDAQ:LIND opened at $19.36 on Friday. Lindblad Expeditions has a fifty-two week low of $9.85 and a fifty-two week high of $22.34. The firm’s fifty day simple moving average is $18.44 and its 200-day simple moving average is $16.32. The stock has a market cap of $1.27 billion, a PE ratio of -35.85 and a beta of 2.21.

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to analysts’ expectations of $197.24 million. Equities analysts anticipate that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Insider Transactions at Lindblad Expeditions

In related news, insider Trey Byus sold 26,460 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.23, for a total value of $535,285.80. Following the sale, the insider directly owned 111,530 shares in the company, valued at $2,256,251.90. The trade was a 19.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jr. Thomas S. Smith sold 56,000 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $17.57, for a total transaction of $983,920.00. Following the transaction, the director owned 45,488 shares of the company’s stock, valued at $799,224.16. This trade represents a 55.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 94,728 shares of company stock valued at $1,745,919 in the last 90 days. 26.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on LIND. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Benchmark boosted their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Oppenheimer started coverage on Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Check Out Our Latest Report on LIND

Lindblad Expeditions Company Profile

(Free Report)

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.