Lindblad Expeditions (NASDAQ:LIND) Insider Sells $200,500.00 in Stock

Lindblad Expeditions (NASDAQ:LIND) insider Trey Byus sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $20.05, for a total value of $200,500.00. Following the transaction, the insider owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Trey Byus also recently made the following trade(s):

• On Monday, May 11th, Trey Byus sold 26,460 shares of Lindblad Expeditions stock. The stock was sold at an average price of $20.23, for a total value of $535,285.80.

Lindblad Expeditions Stock Performance

Shares of LIND traded up $0.69 during midday trading on Friday, hitting $20.57. 488,944 shares of the stock were exchanged, compared to its average volume of 771,527. Lindblad Expeditions has a 52-week low of $9.85 and a 52-week high of $22.34. The stock has a fifty day simple moving average of $18.55 and a 200 day simple moving average of $16.57. The firm has a market cap of $1.35 billion, a P/E ratio of -38.09 and a beta of 2.21.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million for the quarter, compared to analysts’ expectations of $197.24 million. As a group, equities research analysts forecast that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Lindblad Expeditions in the third quarter valued at $35,000. Osaic Holdings Inc. boosted its holdings 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. Kemnay Advisory Services Inc. purchased a new position in Lindblad Expeditions in the fourth quarter valued at $57,000. Royal Bank of Canada boosted its holdings in Lindblad Expeditions by 127.1% in the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake 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 buying an additional 3,311 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LIND. Benchmark raised their price target on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Oppenheimer began coverage on Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 target price for the company. Finally, Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

About Lindblad Expeditions

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.