Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 68,400 Shares of Company Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 68,400 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $35.26, for a total transaction of $2,411,784.00. Following the completion of the sale, the director directly owned 10,004,074 shares in the company, valued at approximately $352,743,649.24. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, October 29th, Sven-Olof Lindblad sold 66,872 shares of Lindblad Expeditions stock. The stock was sold at an average price of $36.95, for a total transaction of $2,470,920.40.
• On Tuesday, October 27th, Sven-Olof Lindblad sold 94,925 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.52, for a total transaction of $3,371,736.00.
• On Monday, October 26th, Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.25, for a total value of $1,761,407.25.
• On Friday, October 23rd, Sven-Olof Lindblad sold 66,160 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.23, for a total value of $2,264,656.80.
• 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 transaction 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 transaction 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 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 transaction of $2,750,886.90.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND traded up $1.56 during mid-day trading on Thursday, reaching $37.38. 838,066 shares of the company traded hands, compared to its average volume of 839,376. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $37.47. The firm has a market cap of $2.45 billion, a PE ratio of -98.37 and a beta of 2.24. The stock has a fifty day simple moving average of $31.05 and a 200-day simple moving average of $24.20.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results 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 firm had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. As a group, analysts predict that Lindblad Expeditions will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Lindblad Expeditions

Several institutional investors and hedge funds have recently made changes to their positions in LIND. Integrated Wealth Concepts LLC bought a new stake in shares of Lindblad Expeditions during the second quarter worth $25,000. Allworth Financial LP bought a new position in shares of Lindblad Expeditions in the second quarter worth about $38,000. GAMMA Investing LLC lifted 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 worth $39,000 after purchasing an additional 326 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of Lindblad Expeditions by 846.0% during the third quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock worth $52,000 after purchasing an additional 1,489 shares in the last quarter. Finally, Silvant Capital Management LLC bought a new position in Lindblad Expeditions in the 2nd quarter worth approximately $58,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Jefferies Financial Group upped their price objective on shares of 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. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, October 15th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.