Lindblad Expeditions (NASDAQ:LIND) Stock: Insider Sven-Olof Lindblad Sells 67,974 Shares

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 67,974 shares of the business’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $35.68, for a total transaction of $2,425,312.32. Following the completion of the sale, the director directly owned 10,283,528 shares of the company’s stock, valued at $366,916,279.04. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 stock was 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 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 shares were sold at an average price of $34.74, for a total value of $2,750,886.90.

Lindblad Expeditions Trading Down 2.6%

Lindblad Expeditions stock traded down $0.94 on Thursday, hitting $35.25. 660,545 shares of the stock traded hands, compared to its average volume of 840,738. The business’s fifty day simple moving average is $30.73 and its 200 day simple moving average is $26.31. The firm has a market cap of $2.31 billion, a P/E ratio of -92.76 and a beta of 2.24. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $185.86 million. As a group, analysts predict that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Institutional Trading of Lindblad Expeditions

Several institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in shares of Lindblad Expeditions in the 2nd quarter worth $25,000. Allworth Financial LP purchased a new position in shares of Lindblad Expeditions in the second quarter worth $38,000. GAMMA Investing LLC boosted its position in shares of Lindblad Expeditions by 35.3% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock valued at $39,000 after buying an additional 326 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in shares of Lindblad Expeditions during the second quarter valued at $58,000. Finally, Assetmark Inc. boosted its position in shares of Lindblad Expeditions by 77.0% during the first quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after buying an additional 2,373 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LIND. Jefferies Financial Group raised their price objective on Lindblad Expeditions from $29.00 to $32.00 and gave the company a “hold” rating in a research report on Thursday, October 8th. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $30.00 price target on shares of Lindblad Expeditions in a report on Thursday, September 17th. Finally, Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $31.50.

Lindblad Expeditions Company Profile

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.