Pinnacle Associates Ltd. raised its position in Lindblad Expeditions (NASDAQ:LIND – Free Report) by 8.0% during the third quarter, HoldingsChannel.com reports. The firm owned 864,233 shares of the company’s stock after purchasing an additional 64,185 shares during the period. Pinnacle Associates Ltd.’s holdings in Lindblad Expeditions were worth $27,163,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in Lindblad Expeditions in the second quarter worth about $25,000. GAMMA Investing LLC grew its stake in shares of Lindblad Expeditions by 35.3% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after buying an additional 326 shares during the last quarter. Allworth Financial LP bought a new position in shares of Lindblad Expeditions during the second quarter valued at approximately $38,000. Silvant Capital Management LLC bought a new position in shares of Lindblad Expeditions during the second quarter valued at approximately $58,000. Finally, State of Alaska Department of Revenue raised its holdings in shares of Lindblad Expeditions by 20.5% in the third quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock worth $103,000 after buying an additional 562 shares during the period. Institutional investors own 75.94% of the company’s stock.
Insider Activity at Lindblad Expeditions
In other news, Director Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $34.29, for a total transaction of $2,863,215.00. Following the completion of the sale, the director owned 10,524,517 shares of the company’s stock, valued at approximately $360,885,687.93. The trade was a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 26.10% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a report on Tuesday, August 4th. Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a research report on Monday, June 29th. Benchmark upped their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $30.00 target price on shares of Lindblad Expeditions in a research note on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Lindblad Expeditions has an average rating of “Moderate Buy” and an average price target of $31.50.
View Our Latest Report on Lindblad Expeditions
Lindblad Expeditions News Roundup
Here are the key news stories impacting Lindblad Expeditions this week:
- Positive Sentiment: Technical breakout: Lindblad Expeditions was highlighted as an IBD “Stock of the Day” after moving above a technical buy point. The stock is trading well above its 50-day and 200-day moving averages and near its 52-week high, signaling strong momentum. Ecotourism Pioneer Lindblad, Stock Of The Day, Cruises Above Buy Point
- Positive Sentiment: Favorable analyst backdrop: Recent coverage cited upgrades, including Zacks Research moving the shares to “strong buy” and another firm raising its rating to “buy.” Benchmark previously lifted its price target to $34, while Stifel set a $37 target. The average analyst rating is “Moderate Buy,” although the consensus target cited in the coverage is below the current trading level. Lindblad Expeditions Insider Trading and Analyst Ratings
- Neutral Sentiment: Earnings date announced: Lindblad will report third-quarter 2026 results before the market opens on November 3 and hold a conference call afterward. The report could provide a new catalyst, particularly after the company’s latest quarterly results exceeded revenue and EPS expectations. Lindblad Expeditions to Report Third-Quarter 2026 Results
- Negative Sentiment: Director selling: Director Sven-Olof Lindblad sold 79,185 shares for approximately $2.75 million on October 16 and another 83,500 shares for about $2.86 million on October 19. He still owns more than 10.5 million shares, so the sales represent a small reduction in his stake, but they may raise caution after the stock’s strong run. Sven Lindblad Sells $5.6 Million in Lindblad Expeditions Stock
Lindblad Expeditions Price Performance
Shares of LIND opened at $35.45 on Wednesday. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $36.97. The company has a 50-day moving average of $30.69 and a 200 day moving average of $26.17. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -93.29 and a beta of 2.24.
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. The company had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. On average, equities analysts anticipate that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.
Lindblad Expeditions Profile
Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.
The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.
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