Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 44,002 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 44,002 shares of the company’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $15.98, for a total transaction of $703,151.96. Following the completion of the sale, the director directly owned 11,443,057 shares of the company’s stock, valued at $182,860,050.86. This trade represents a 0.38% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.29, for a total transaction of $1,411,349.31.
• On Monday, January 26th, Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.03, for a total value of $687,735.09.
• On Friday, January 23rd, Sven-Olof Lindblad sold 36,066 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total value of $579,941.28.
• On Thursday, January 22nd, Sven-Olof Lindblad sold 62,100 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.48, for a total value of $1,023,408.00.
• On Wednesday, January 21st, Sven-Olof Lindblad sold 75,314 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.03, for a total value of $1,207,283.42.
• On Tuesday, January 20th, Sven-Olof Lindblad sold 80,520 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.67, for a total value of $1,261,748.40.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND traded up $0.58 during mid-day trading on Thursday, hitting $16.82. The stock had a trading volume of 961,029 shares, compared to its average volume of 786,749. The business has a 50 day moving average price of $14.22 and a two-hundred day moving average price of $13.31. Lindblad Expeditions has a 1 year low of $7.45 and a 1 year high of $17.19. The firm has a market cap of $931.83 million, a P/E ratio of -25.48 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The firm had revenue of $240.17 million for the quarter, compared to analysts’ expectations of $229.68 million. Equities research analysts predict that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus lifted their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Benchmark reaffirmed a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. Finally, Citigroup initiated coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Investors Weigh In On Lindblad Expeditions

A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. State of Alaska Department of Revenue purchased a new position in shares of Lindblad Expeditions during the third quarter valued at approximately $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 worth $41,000 after acquiring an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after acquiring an additional 3,311 shares during the last quarter. CWM LLC increased its holdings in shares of Lindblad Expeditions by 188.1% during the third quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after acquiring an additional 3,166 shares in the last quarter. Finally, AlphaQuest LLC raised its position in shares of Lindblad Expeditions by 167.4% in the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock worth $101,000 after purchasing an additional 5,427 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.