Lindblad Expeditions (NASDAQ:LIND) Director John Fahey Jr Sells 3,500 Shares

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 3,500 shares of Lindblad Expeditions stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $20.04, for a total value of $70,140.00. Following the sale, the director directly owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Lindblad Expeditions Stock Down 2.4%

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

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Equities research analysts expect that Lindblad Expeditions will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Lindblad Expeditions

Several large investors have recently bought and sold shares of LIND. State of Alaska Department of Revenue purchased a new position in shares of Lindblad Expeditions during the third quarter worth about $35,000. Osaic Holdings Inc. lifted its position in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the period. Tower Research Capital LLC TRC lifted its position in Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions during the 4th quarter valued at approximately $57,000. Finally, CWM LLC lifted its position 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. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LIND shares. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Oppenheimer assumed coverage on Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective for the company. Benchmark increased their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus increased their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.25.

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.