Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells $2,681,092.05 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $35.49, for a total transaction of $2,681,092.05. Following the sale, the director directly owned 10,448,972 shares in the company, valued at $370,834,016.28. The trade was a 0.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 shares were sold at an average price of $36.23, for a total value of $3,531,338.10.
• 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 value 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 value of $2,750,886.90.

Lindblad Expeditions Price Performance

NASDAQ LIND traded down $0.94 during trading hours on Thursday, reaching $35.25. 660,545 shares of the company’s stock traded hands, compared to its average volume of 840,738. The firm has a 50-day simple moving average of $30.73 and a 200 day simple moving average of $26.31. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $36.97. The firm has a market cap of $2.31 billion, a PE ratio of -92.76 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. The firm had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $185.86 million. Sell-side analysts forecast that Lindblad Expeditions will post 0.22 EPS for the current fiscal year.

Institutional Trading of Lindblad Expeditions

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new stake in Lindblad Expeditions during the second quarter valued at about $122,583,000. Bank of New York Mellon Corp bought a new position in shares of Lindblad Expeditions in the second quarter worth about $19,362,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Lindblad Expeditions by 44.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after acquiring an additional 393,359 shares during the period. Nicholas Investment Partners LP bought a new position in shares of Lindblad Expeditions in the second quarter worth about $9,587,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Lindblad Expeditions by 59.0% during 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 in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on LIND shares. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Benchmark boosted their price objective on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $30.00 target price on shares of Lindblad Expeditions in a research report on Thursday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

About Lindblad Expeditions

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.