Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 1,000 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 1,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $19.39, for a total value of $19,390.00. Following the completion of the sale, the director directly owned 118,486 shares of the company’s stock, valued at $2,297,443.54. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lindblad Expeditions Stock Performance

NASDAQ:LIND traded down $0.46 during trading hours on Tuesday, reaching $19.02. The stock had a trading volume of 704,372 shares, compared to its average volume of 760,622. The stock has a market cap of $1.25 billion, a P/E ratio of -35.22 and a beta of 2.21. Lindblad Expeditions has a 12-month low of $9.85 and a 12-month high of $22.34. The stock has a 50 day simple moving average of $18.45 and a 200 day simple moving average of $16.23.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to analysts’ expectations of $197.24 million. On average, equities analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

LIND has been the subject of several research analyst reports. Benchmark lifted their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Stifel Nicolaus boosted their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Finally, Oppenheimer initiated coverage on Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Lindblad Expeditions by 59.0% in the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after purchasing an additional 291,776 shares during the last quarter. ANB Bank bought a new stake in Lindblad Expeditions in the first quarter worth about $272,000. Simon Quick Advisors LLC lifted its stake in Lindblad Expeditions by 19.7% in the first quarter. Simon Quick Advisors LLC now owns 19,293 shares of the company’s stock worth $334,000 after purchasing an additional 3,175 shares during the last quarter. Assetmark Inc. lifted its stake in Lindblad Expeditions by 77.0% in the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock worth $94,000 after purchasing an additional 2,373 shares during the last quarter. Finally, Calamos Advisors LLC bought a new stake in Lindblad Expeditions in the first quarter worth about $1,505,000. Institutional investors own 75.94% of the company’s stock.

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.