Lindblad Expeditions (NASDAQ:LIND) Director Sells $687,735.09 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 42,903 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $16.03, for a total value of $687,735.09. Following the completion of the sale, the director directly owned 11,487,059 shares in the company, valued at approximately $184,137,555.77. This represents a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Sven-Olof Lindblad also recently made the following trade(s):

• On Friday, January 23rd, Sven-Olof Lindblad sold 36,066 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.08, for a total value of $579,941.28.
• On Thursday, January 22nd, Sven-Olof Lindblad sold 62,100 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.48, for a total transaction of $1,023,408.00.
• On Wednesday, January 21st, Sven-Olof Lindblad sold 75,314 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.03, for a total transaction of $1,207,283.42.
• On Tuesday, January 20th, Sven-Olof Lindblad sold 80,520 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.67, for a total transaction of $1,261,748.40.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $16.24 on Thursday. The firm’s 50 day moving average price is $14.22 and its 200-day moving average price is $13.31. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $17.19. The company has a market cap of $899.70 million, a PE ratio of -24.61 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $240.17 million during the quarter, compared to analysts’ expectations of $229.68 million. On average, analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Lindblad Expeditions during the third quarter valued at $35,000. Osaic Holdings Inc. raised its stake in shares of Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after buying an additional 3,311 shares in the last quarter. CWM LLC grew its stake in shares of Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after acquiring an additional 3,166 shares during the period. Finally, AlphaQuest LLC increased its holdings in Lindblad Expeditions by 167.4% in the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock worth $101,000 after acquiring an additional 5,427 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LIND has been the topic of several recent analyst reports. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Stifel Nicolaus raised their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday, January 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Lindblad Expeditions Company Profile

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.