Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 44,002 Shares

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 44,002 shares of the company’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $15.98, for a total transaction of $703,151.96. Following the sale, the director owned 11,443,057 shares of the company’s stock, valued at approximately $182,860,050.86. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.29, for a total value of $1,411,349.31.
• On Monday, January 26th, Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.03, for a total value of $687,735.09.
• 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 value 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 value of $1,207,283.42.
• On Tuesday, January 20th, Sven-Olof Lindblad sold 80,520 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.67, for a total transaction of $1,261,748.40.

Lindblad Expeditions Stock Up 3.6%

Shares of NASDAQ LIND opened at $16.82 on Friday. The firm’s fifty day moving average is $14.32 and its 200 day moving average is $13.33. 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 $931.83 million, a price-to-earnings ratio of -25.48 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share (EPS) 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 the consensus estimate of $229.68 million. Equities research analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in Lindblad Expeditions in the third quarter worth $35,000. Osaic Holdings Inc. boosted its holdings in shares of Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after buying an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after buying an additional 3,311 shares during the period. CWM LLC grew its position in shares of Lindblad Expeditions by 188.1% in the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after buying an additional 3,166 shares during the period. Finally, Federated Hermes Inc. lifted its position in Lindblad Expeditions by 579.1% during the 3rd quarter. Federated Hermes Inc. now owns 8,129 shares of the company’s stock valued at $104,000 after acquiring an additional 6,932 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LIND shares. Stifel Nicolaus boosted their price target on 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 Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Citigroup started coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating on the stock. Finally, Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

About Lindblad Expeditions

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.