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Alex P. Schultz, a director at Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND), recently acquired a significant number of shares in the company. According to a recent SEC filing, Schultz purchased 27,553 shares of common stock over two days, with transactions occurring on May 20 and May 21, 2025. The company, currently valued at $552 million, has shown strong revenue growth of 15.7% over the last twelve months, according to InvestingPro data.
The total value of these purchases amounted to $282,468. The shares were acquired at prices ranging from $10.2501 to $10.2936 per share, close to the current trading price of $10.07. Following these transactions, Schultz now holds 329,607 shares of Lindblad Expeditions. Analysts are showing confidence in the stock, with price targets ranging from $12 to $17.
These acquisitions were executed under a 10b5-1 trading plan, which allows insiders to schedule trades in advance to avoid potential accusations of insider trading. For deeper insights into insider trading patterns and comprehensive analysis, access the full LIND research report on InvestingPro, which covers over 1,400 US stocks with detailed metrics and expert analysis.
In other recent news, Lindblad Expeditions Holdings reported impressive financial results for the first quarter of 2025. The company achieved total revenue of $180 million, surpassing the forecast of $163.92 million, and posted a positive earnings per share of $0.01, a significant improvement from the anticipated loss of $0.02 per share. Lindblad’s occupancy rates rose to 89%, and the company recorded a net income of $1 million, reversing previous losses. Stifel analysts recently adjusted Lindblad’s stock price target to $17 from $18 while maintaining a Buy rating, citing increased occupancy rates and a cautious approach to guidance amid economic uncertainties. The analysts noted that demand for Lindblad’s offerings remains robust, with expectations that occupancy levels could return to pre-pandemic figures by 2026. Additionally, Lindblad has provided optimistic guidance for 2025, projecting total tour revenue between $700 million and $750 million and adjusted EBITDA ranging from $100 million to $112 million. The company continues to focus on strategic initiatives, including international expansion and dynamic pricing strategies, which have contributed to its strong performance. Lindblad’s partnership with Disney (NYSE:DIS) and National Geographic has also played a role in boosting occupancy and expanding its audience.
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