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Tortoise Acquisition Corp. (SHLL) Vs. Lindblad Expeditions Holdings Inc. (LIND): Which Is Riskier?

Tortoise Acquisition Corp. (NYSE: SHLL) shares are 280.38% up in the year-to-date (YTD) period and have moved 2.70% or $1.0 higher in the latest trading session. However, stock’s trailing 12-month performance remains nearly +300.00% lower. Comparatively, the stock is -11.32% down YTD and 278.11% over the trailing 3-month period. If we look at the shorter duration, its week performance is 27.05% and 100.00% over the month.

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Analyst Recommendations

0 recommend buying, with 0 rating it as an Overweight.

Insider Transactions Summary

According to SEC data, total insider shares purchases at the company stands at 0 over the last 12 months, while SEC filings reveal that there have been 4 insider sales over the same period. Insiders have purchases 0 shares while those sold by company executives and officers stand at 1,550,000. The last 3 months have seen insiders trade a total of 0 and 1,550,000 in purchases and sales respectively.

The 10% Owner had earlier sold another 1,550,000 SHLL shares valued at $21.45 million on Jun 19. The shares were sold at $13.84 per share.

Lindblad Expeditions Holdings Inc. (NASDAQ:LIND), on the other hand, is trading around $10.14 with a market cap of $454.88M and analyst research firms have a positive stance on its shares. Analysts predict that the stock will reach $9.20 and spell out a less modest performance – a -10.22% return. Some analysts are even forecasting -$1.75 per share in earnings this year on a short term (1 year) basis.

Let us briefly look at the Lindblad Expeditions Holdings Inc. (LIND) financials, with a focus on its operating details as indicated in its earnings report for the last quarter.

Company balance sheet and cash flow

LIND’s operating expenses over the recent quarter were at $22.48 million. This represented a 8487.31% of the company’s total revenues which amounted -$0.27 million. With this in place, we can see that the company’s diluted EPS declined -$0.80 on the year-over-year period, growing to $0.02 as given in the last earnings report.

In terms of the balance sheet & cash flow as of (Sep 2020), the total assets figure advanced to $672.29 million from $705.52 million over the previous quarter. The cash flow from operating activities totaled -$36.76 million, significantly lower than the $37.23 million reported in the year-ago quarter. The company’s free cash flow for the quarter was -$188.79 million.

Insider activity

Insiders have transacted a total of 74 times at Lindblad Expeditions Holdings Inc. over the last 6 months, with insider purchases undertaken 47 times and accounting for 405,332 shares. Insider sales totaled 96,296 shares over the same period, with these deals completed in 27 transactions. Looking at these numbers, we realize that net purchases over that period are 20.0 shares. Insiders now hold a total of 19.41M shares after the latest sales, with 2.60% net shares purchased.

Major holders

Insiders own 29.30% of the company shares, while shares held by institutions stand at 50.40% with a share float percentage of 25.44M. Investors are also buoyed by the number of investors in a company, with Lindblad Expeditions Holdings Inc. having a total of 162 institutions that hold shares in the company. The top two institutional holders are ValueAct Holdings, L.P. with over 4.92 million shares worth more than $38.01 million. As of Jun 29, 2020, ValueAct Holdings, L.P. held 9.88% of shares outstanding.

The other major institutional holder is Blackrock Inc., with the investment firm holding over 1.91 million shares as of Jun 29, 2020. The firm’s total holdings are worth over $14.77 million and represent 3.84% of shares outstanding.

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