Lindblad Expeditions (NASDAQ:LIND) Insider Trey Byus Sells 26,460 Shares

Lindblad Expeditions (NASDAQ:LIND) insider Trey Byus sold 26,460 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $20.23, for a total transaction of $535,285.80. Following the transaction, the insider directly owned 111,530 shares in the company, valued at $2,256,251.90. This represents a 19.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Lindblad Expeditions Stock Performance

Shares of Lindblad Expeditions stock traded down $0.46 on Tuesday, hitting $19.02. 704,372 shares of the company traded hands, compared to its average volume of 760,622. The stock 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. The business has a 50-day simple moving average of $18.45 and a 200 day simple moving average of $16.23.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million for the quarter, compared to the consensus estimate of $197.24 million. Research analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new position in shares of Lindblad Expeditions in the third quarter worth about $35,000. Osaic Holdings Inc. increased its holdings in shares of Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Lindblad Expeditions during the fourth quarter valued at about $57,000. Royal Bank of Canada increased its holdings in shares of Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after acquiring an additional 2,515 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LIND has been the topic of several recent analyst reports. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective on the stock. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Benchmark lifted their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.