John Fahey, Jr. Sells 1,000 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 1,000 shares of Lindblad Expeditions stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $19.39, for a total value of $19,390.00. Following the transaction, the director directly owned 118,486 shares in the company, valued at approximately $2,297,443.54. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lindblad Expeditions Stock Down 0.7%

LIND opened at $18.88 on Thursday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -34.96 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’s 50 day moving average is $18.44 and its two-hundred day moving average is $16.27.

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

Institutional Trading of Lindblad Expeditions

A number of institutional investors have recently modified their holdings of LIND. Pier Capital LLC purchased a new stake in shares of Lindblad Expeditions in the third quarter valued at approximately $6,076,000. Millennium Management LLC boosted its stake in shares of Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after buying an additional 446,294 shares in the last quarter. UBS Group AG boosted its stake in shares of Lindblad Expeditions by 57.9% in the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock valued at $12,017,000 after buying an additional 305,704 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Lindblad Expeditions by 59.0% in the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock valued at $13,598,000 after buying an additional 291,776 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Lindblad Expeditions by 76.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 604,437 shares of the company’s stock valued at $8,716,000 after buying an additional 262,408 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Benchmark boosted their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a report on Friday, February 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Finally, Oppenheimer assumed coverage on Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and an average target price 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.