Is Lindblad Expeditions Holdings (LIND) Poised for Long-Term Multiple Expansion?

Ariel Investments, an investment management company, released its “Ariel Small Cap Value Strategy” second-quarter 2025 investor letter. A copy of the letter can be downloaded here. The second quarter witnessed extreme volatility. Stocks declined sharply after the “Liberation Day” tariff announcement and staged a remarkable recovery as the administration initiated a 90-day pause. In the quarter, Ariel Small Cap Value Tax-Exempt Composite appreciated +7.72% gross of fees (+7.58% net of fees) against this backdrop, compared to +4.97% and +8.50% returns of the Russell 2000 Value Index and the Russell 2000 Index, respectively. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second-quarter 2025 investor letter, the Ariel Small Cap Value Strategy highlighted stocks such as Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND). Headquartered in New York, New York, Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) is an adventure travel services company. The one-month return of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) was 13.45%, and its shares gained 32.34% of their value over the last 52 weeks. On August 21, 2025, Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) stock closed at $13.83 per share, with a market capitalization of $757.735 million.

Ariel Small Cap Value Strategy stated the following regarding Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) in its second quarter 2025 investor letter:

“Luxury adventure travel services company, Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) also aided results in the quarter. Improved occupancy levels and net yield growth helped propel robust top- and bottom-line results. Additionally, full year 2025 and 2026 bookings are meaningfully ahead of the prior year as the company announced its entrance into the popular European river cruise market through a new partnership with Transcend Cruises. Meanwhile, LIND’s long-standing affiliation with Disney/National Geographic continues to evolve and be an important piece of its overall marketing and customer acquisition strategy. With the strengthened Disney/National Geographic relationship, expanded fleet capacity and increased scale of its branded portfolio, we believe the company is well-positioned for long-term multiple expansion.”

A fleet of Expedition Cruising ships moored at a harbor in a picturesque landscape.

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 24 hedge fund portfolios held Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) at the end of the second quarter, which was 23 in the previous quarter. Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) revenues for Q2 2025 were $167 million, an increase of 23% compared to Q2 2024. While we acknowledge the risk and potential of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) and shared Ariel Small Cap Value Strategy’s views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.