Lindblad Expeditions (NASDAQ:LIND) Director Sells 66,160 Shares of Company Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 66,160 shares of the company’s stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $34.23, for a total value of $2,264,656.80. Following the completion of the transaction, the director directly owned 10,217,368 shares in the company, valued at approximately $349,740,506.64. The trade was a 0.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, October 26th, Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.25, for a total value of $1,761,407.25.
• 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 value 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 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 value 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 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

LIND traded up $0.24 during midday trading on Tuesday, hitting $35.09. 1,011,823 shares of the company’s stock traded hands, compared to its average volume of 839,464. The company has a market cap of $2.30 billion, a PE ratio of -92.34 and a beta of 2.24. The stock’s fifty day simple moving average is $30.93 and its 200-day simple moving average is $23.99. Lindblad Expeditions has a one year low of $11.37 and a one year high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The company had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. On average, research analysts expect that Lindblad Expeditions will post 0.22 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on LIND shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 target price on shares of Lindblad Expeditions in a research report on Thursday, September 17th. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. Benchmark upped their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a report on Tuesday, August 4th. Finally, Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Institutional Trading of Lindblad Expeditions

Several large investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new position in Lindblad Expeditions in the 2nd quarter worth $25,000. Allworth Financial LP acquired a new stake in shares of Lindblad Expeditions in the second quarter valued at about $38,000. GAMMA Investing LLC grew its position in shares of Lindblad Expeditions by 35.3% in the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after purchasing an additional 326 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of 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 purchasing an additional 1,489 shares during the last quarter. Finally, Silvant Capital Management LLC bought a new position in shares of Lindblad Expeditions in the second quarter worth about $58,000. 75.94% of the stock is owned by institutional investors.

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.