Lindblad Expeditions (NASDAQ:LIND) Director Sells $1,774,195.04 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 105,356 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $16.84, for a total transaction of $1,774,195.04. Following the sale, the director owned 11,251,062 shares of the company’s stock, valued at approximately $189,467,884.08. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, February 3rd, Sven-Olof Lindblad sold 127,310 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.38, for a total value of $2,212,647.80.
• On Monday, February 2nd, Sven-Olof Lindblad sold 233,505 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.27, for a total value of $4,032,631.35.
• On Friday, January 30th, Sven-Olof Lindblad sold 78,283 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.66, for a total value of $1,304,194.78.
• On Tuesday, January 27th, Sven-Olof Lindblad sold 44,002 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.98, for a total transaction of $703,151.96.
• On Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The stock was 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 shares were sold at an average price of $16.03, for a total transaction 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 stock was 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 Price Performance

Shares of LIND stock opened at $17.98 on Thursday. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $18.09. The company has a market cap of $996.09 million, a price-to-earnings ratio of -27.24 and a beta of 2.27. The stock has a 50 day simple moving average of $14.76 and a 200-day simple moving average of $13.47.

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

Wall Street Analyst Weigh In

LIND has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Stifel Nicolaus boosted their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Benchmark reissued a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. Citigroup started coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating on the stock. Finally, Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently modified their holdings of LIND. State of Alaska Department of Revenue acquired a new position in shares of Lindblad Expeditions during the 3rd quarter valued at about $35,000. Osaic Holdings Inc. boosted its holdings in Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares during the last quarter. CWM LLC grew its stake in shares of Lindblad Expeditions by 188.1% in the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after buying an additional 3,166 shares during the period. Finally, AlphaQuest LLC increased its holdings in shares of Lindblad Expeditions by 167.4% during the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock worth $101,000 after buying an additional 5,427 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

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.