Lindblad Expeditions (NASDAQ:LIND) Director Sells $1,207,283.42 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 75,314 shares of the business’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $16.03, for a total value of $1,207,283.42. Following the completion of the transaction, the director owned 11,628,128 shares in the company, valued at $186,398,891.84. This trade represents a 0.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $1,261,748.40.

Lindblad Expeditions Price Performance

Shares of LIND stock traded up $0.23 on Thursday, hitting $16.41. The company’s stock had a trading volume of 839,800 shares, compared to its average volume of 798,450. The stock has a market capitalization of $909.11 million, a price-to-earnings ratio of -24.86 and a beta of 2.28. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $17.19. The firm’s fifty day moving average price is $13.78 and its 200-day moving average price is $13.20.

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, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. Analysts predict that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. Stifel Nicolaus upped 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. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. Finally, Citigroup started coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating on the stock. 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, Lindblad Expeditions has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Investors Weigh In On Lindblad Expeditions

Several large investors have recently modified their holdings of the stock. Pier Capital LLC acquired a new position in Lindblad Expeditions in the third quarter valued at approximately $6,076,000. Millennium Management LLC lifted its stake in shares of Lindblad Expeditions by 115.1% in the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after purchasing an additional 446,294 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Lindblad Expeditions by 108.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock worth $6,920,000 after purchasing an additional 308,463 shares during the last quarter. GC Wealth Management RIA LLC acquired a new stake in shares of Lindblad Expeditions during the second quarter worth $3,467,000. Finally, Algert Global LLC increased its holdings in Lindblad Expeditions by 82.2% in the third quarter. Algert Global LLC now owns 548,856 shares of the company’s stock valued at $7,025,000 after purchasing an additional 247,684 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

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.