Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 66,872 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 66,872 shares of the stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $36.95, for a total transaction of $2,470,920.40. Following the transaction, the director owned 9,937,202 shares in the company, valued at approximately $367,179,613.90. This trade represents a 0.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, October 28th, Sven-Olof Lindblad sold 68,400 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.26, for a total transaction of $2,411,784.00.
• On Tuesday, October 27th, Sven-Olof Lindblad sold 94,925 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.52, for a total value of $3,371,736.00.
• On Monday, October 26th, Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.25, for a total value of $1,761,407.25.
• On Friday, October 23rd, Sven-Olof Lindblad sold 66,160 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.23, for a total value of $2,264,656.80.
• On Thursday, October 22nd, Sven-Olof Lindblad sold 67,974 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.68, for a total transaction of $2,425,312.32.
• On Wednesday, October 21st, Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock. The stock was sold at an average price of $36.23, for a total transaction of $3,531,338.10.
• On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.49, for a total transaction of $2,681,092.05.
• On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.29, for a total transaction of $2,863,215.00.
• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.74, for a total transaction of $2,750,886.90.

Lindblad Expeditions Trading Up 4.4%

Lindblad Expeditions stock traded up $1.56 on Thursday, reaching $37.38. 838,066 shares of the stock were exchanged, compared to its average volume of 839,376. The stock has a market cap of $2.45 billion, a PE ratio of -98.37 and a beta of 2.24. Lindblad Expeditions has a twelve month low of $11.37 and a twelve month high of $37.47. The firm has a fifty day moving average price of $31.05 and a two-hundred day moving average price of $24.20.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. The company had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. Equities analysts anticipate that Lindblad Expeditions will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC boosted its stake in Lindblad Expeditions by 35.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after buying an additional 326 shares in the last quarter. Allworth Financial LP acquired a new stake in Lindblad Expeditions in the 2nd quarter valued at $38,000. Sterling Capital Management LLC grew its position in Lindblad Expeditions by 846.0% in the third quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock valued at $52,000 after acquiring an additional 1,489 shares during the period. Finally, Silvant Capital Management LLC bought a new stake in Lindblad Expeditions in the second quarter valued at $58,000. Institutional investors own 75.94% of the company’s stock.

Analyst Ratings Changes

LIND has been the subject of a number of research analyst reports. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. Jefferies Financial Group boosted their target price on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a research report on Thursday, October 8th. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Finally, Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.50.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.