Insider Selling: Lindblad Expeditions (NASDAQ:LIND) CEO Sells 809 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 809 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $14.00, for a total transaction of $11,326.00. Following the sale, the chief executive officer directly owned 23,466 shares in the company, valued at $328,524. This trade represents a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Benjamin Bressler also recently made the following trade(s):

• On Wednesday, August 20th, Benjamin Bressler sold 20,877 shares of Lindblad Expeditions stock. The stock was sold at an average price of $14.03, for a total value of $292,904.31.
• On Tuesday, August 5th, Benjamin Bressler sold 167,494 shares of Lindblad Expeditions stock. The stock was sold at an average price of $13.05, for a total value of $2,185,796.70.
• On Monday, August 4th, Benjamin Bressler sold 7,567 shares of Lindblad Expeditions stock. The stock was sold at an average price of $13.05, for a total transaction of $98,749.35.
• On Wednesday, July 23rd, Benjamin Bressler sold 47,325 shares of Lindblad Expeditions stock. The shares were sold at an average price of $13.02, for a total transaction of $616,171.50.

Lindblad Expeditions Trading Up 0.1%

NASDAQ LIND opened at $13.83 on Friday. The company has a market cap of $757.73 million, a P/E ratio of -46.10 and a beta of 2.71. The company has a fifty day simple moving average of $12.38 and a 200 day simple moving average of $10.98. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $14.34.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.11. The business had revenue of $167.95 million during the quarter, compared to the consensus estimate of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. Sell-side analysts predict that Lindblad Expeditions will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

LIND has been the subject of several analyst reports. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Craig Hallum set a $16.00 price objective on Lindblad Expeditions and gave the company a “buy” rating in a research note on Friday, May 23rd. Finally, Stifel Nicolaus set a $18.00 target price on shares of Lindblad Expeditions and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $16.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Driehaus Capital Management LLC bought a new stake in shares of Lindblad Expeditions in the 1st quarter worth approximately $5,900,000. Penn Capital Management Company LLC increased its position in Lindblad Expeditions by 110.0% in the first quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company’s stock worth $8,766,000 after buying an additional 494,709 shares during the last quarter. Ariel Investments LLC raised its stake in shares of Lindblad Expeditions by 6.0% in the first quarter. Ariel Investments LLC now owns 7,777,768 shares of the company’s stock valued at $72,100,000 after buying an additional 441,046 shares during the period. New York State Common Retirement Fund raised its stake in shares of Lindblad Expeditions by 106.9% in the first quarter. New York State Common Retirement Fund now owns 684,851 shares of the company’s stock valued at $6,349,000 after buying an additional 353,817 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Lindblad Expeditions by 108.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock valued at $6,920,000 after buying an additional 308,463 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.