Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 97,470 Shares of Company Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 97,470 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $36.23, for a total value of $3,531,338.10. Following the completion of the transaction, the director directly owned 10,351,502 shares in the company, valued at approximately $375,034,917.46. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 stock was sold at an average price of $35.68, for a total value of $2,425,312.32.
• On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The stock was 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 shares were 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 Stock Down 2.6%

Shares of NASDAQ LIND opened at $35.25 on Friday. The firm has a market cap of $2.31 billion, a PE ratio of -92.76 and a beta of 2.24. The company’s fifty day simple moving average is $30.74 and its 200 day simple moving average is $26.43. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating 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 firm had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. On average, equities analysts predict that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LIND shares. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research report on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Benchmark increased their price target on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Finally, Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.50.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Lindblad Expeditions during the second quarter valued at about $25,000. GAMMA Investing LLC boosted 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 acquiring an additional 326 shares during the period. Allworth Financial LP bought a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $38,000. Sterling Capital Management LLC grew its stake in Lindblad Expeditions by 846.0% during 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 in the last quarter. Finally, Silvant Capital Management LLC purchased a new position in Lindblad Expeditions during the second quarter valued at approximately $58,000. Institutional investors own 75.94% of the company’s stock.

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.