LIND

Lindblad Expeditions($LIND) Director Votes with His Wallet: $980,000 in Stock Purchases Over Ten Months

04/24/2025 02:18

Lindblad Expeditions Holdings Inc ($LIND) director Alex Schultz has executed a significant stock purchase worth approximately $445,000. According to SEC filings, he acquired a total of 55,106 shares at an average price of $8.08 over two days, April 21 and 22, 2025. This purchase comes at a time when $LIND's stock has plummeted from the $13 range in mid-February to below $8 in early April 2025. Particularly noteworthy is Schultz's consistent buying pattern. He previously purchased about 34,470 shares in June 2024 and 37,586 shares in August 2024, both times when the stock price had fallen to the $7-8 range. Combined, these three purchases represent an investment of approximately $980,000 for 127,162 shares over the past ten months. Lindblad Expeditions is a premium expedition travel provider that operates in partnership with National Geographic, specializing in small-ship cruises to extraordinary destinations like the Galapagos Islands, Antarctica, and the Arctic. In June last year, the company announced an expansion in its core Galapagos market with the addition of two new vessels. Scultz isn't the only insider showing confidence through stock purchases. On August 21, 2024, CEO Sven-Olof Lindblad bought 32,117 shares (worth about $255,000) at an average price of $7.95. Two days earlier, director Pamela O Kaufman acquired 2,500 shares (approximately $19,300) at $7.72. Notably, following these insider purchases, $LIND's stock climbed to over $10.50 by the end of August. There have been some selling transactions as well. CCO Noah Brodsky sold 14,344 shares (about $150,600) at $10.50 on August 28, 2024, and director John M. Fahey Jr. divested 7,000 shares (around $82,300) at $11.76 on December 17, 2024. Looking at $LIND's financial situation, the company reported revenue of $644.73 million for 2024, representing a 13% year-over-year increase. However, the company still recorded a net loss of $35.82 million and negative EPS of $0.67. The most recent quarterly results for Q4 2024 showed an adjusted loss of 42 cents per share, an improvement from 53 cents in the same period a year earlier, while revenue increased by 18.5% to $148.61 million. From a liquidity perspective, there are some concerns. The company has total debt of $628.23 million against cash holdings of $183.94 million, resulting in a current ratio of 0.71. This suggests potential difficulties in meeting short-term obligations. Nevertheless, the company has issued optimistic guidance for 2025, projecting revenues between $700 million and $750 million, approximately 5.8% above market estimates. Analysts expect improvements in EPS from -$0.43 to -$0.02 per share over the next year, indicating a path toward improved profitability. Wall Street analysts maintain a consensus 'buy' rating for $LIND, with a 12-month price target of $16.00, significantly higher than the current price. This target was revised upward from $13.50 in February 2025. The consistent buying pattern from corporate insiders, particularly board members and the CEO, suggests management confidence in the company's long-term prospects. Schultz's recent purchase is especially noteworthy as it comes after a significant stock price decline. Given his previous buying timing, he likely perceives the stock as undervalued at current levels. $LIND occupies a unique position in the travel industry, focusing on the luxury expedition travel niche and enhancing its brand value through its National Geographic partnership. The recent vessel expansion demonstrates the company's strategy to strengthen its position in key markets like the Galapagos. As of April 23, 2025, $LIND's stock price stands at $8.80, down approximately 33% from its mid-February peak. The current price represents a price-to-sales multiple of 0.69, indicating relative undervaluation on a revenue basis. However, the debt level and continued losses pose short-term risk factors. The recent insider purchases, particularly Director Alex Schultz's consistent large-scale buying, send a strong signal of insider confidence in the company's long-term value at current price levels. Nevertheless, investors should closely monitor the company's debt situation and progress toward profitability.

You can receive notifications when news is published.