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

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

Lindblad Expeditions Stock Down 2.4%

Shares of Lindblad Expeditions stock opened at $19.02 on Wednesday. The company has a 50 day moving average of $18.45 and a 200 day moving average of $16.23. The company has a market capitalization of $1.25 billion, a P/E ratio of -35.22 and a beta of 2.21. Lindblad Expeditions has a 52-week low of $9.85 and a 52-week high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (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, research analysts anticipate that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Lindblad Expeditions

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Lindblad Expeditions by 1.3% in the third quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock worth $29,853,000 after acquiring an additional 29,642 shares in the last quarter. Anchor Capital Management Company LLC increased its holdings in Lindblad Expeditions by 7.4% in the 3rd quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after purchasing an additional 131,203 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Lindblad Expeditions by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after purchasing an additional 46,955 shares in the last quarter. Black Diamond Financial LLC raised its position in Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after purchasing an additional 127,950 shares during the period. Finally, Penn Capital Management Company LLC lifted its stake in shares of Lindblad Expeditions by 1.7% during the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after purchasing an additional 16,418 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LIND. Benchmark upped their target price on shares of 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. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Oppenheimer started coverage on Lindblad Expeditions in a report on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective for the company. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.