John M. Fahey Jr., a director at Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND), recently sold 7,000 shares of the company's Class A common stock. The shares were sold at an average price of $11.76, amounting to a total transaction value of $82,320. The sale comes amid a significant 66.5% surge in LIND's stock price over the past six months, with shares currently trading at $12.73. Following this sale, Fahey holds 123,754 shares in the company. The transaction was conducted under a prearranged trading plan, often referred to as a 10b5-1 plan, which allows insiders to sell stock at predetermined times. According to InvestingPro analysis, LIND is currently trading near its Fair Value, with notable price volatility and a market capitalization of $683 million. Get access to 8 more key ProTips and comprehensive financial analysis with an InvestingPro subscription, including the detailed Pro Research Report available for this and 1,400+ other US stocks.
In other recent news, Lindblad Expeditions Holdings, Inc. has reported a significant 17% increase in its third-quarter revenue, reaching a record $206 million. This growth was fueled by a 12% rise in the Lindblad segment and a 26% surge in Land Experiences. The company also announced a 35% increase in its adjusted EBITDA, reaching $45.8 million. Among the recent developments, the company launched a new co-branded identity with National Geographic and Disney (NYSE:DIS), and is expanding its offerings in the Galapagos (NASDAQ:GLPG) while bolstering international sales efforts in the UK and Europe. Looking ahead, Lindblad expects its 2024 tour revenue to be between $610 million and $630 million, with an adjusted EBITDA projected to be between $88 million and $98 million. Despite earlier voyage cancellations and increased sales and marketing investments, the company maintained its revenue and EBITDA guidance. Lastly, the acquisition of Thomson Safaris is expected to contribute more significantly in 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.