John Fahey, Jr. Sells 7,768 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 7,768 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $17.66, for a total transaction of $137,182.88. Following the sale, the director directly owned 122,986 shares of the company’s stock, valued at $2,171,932.76. The trade was a 5.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lindblad Expeditions Trading Down 4.8%

LIND stock opened at $16.80 on Friday. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -26.67 and a beta of 2.20. The firm’s 50-day moving average price is $17.85 and its two-hundred day moving average price is $14.65. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $21.23.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The company had revenue of $183.18 million during the quarter, compared to the consensus estimate of $167.66 million. Equities analysts predict that Lindblad Expeditions will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC grew its position in shares of Lindblad Expeditions by 495.8% in the 3rd quarter. SG Americas Securities LLC now owns 81,089 shares of the company’s stock worth $1,038,000 after buying an additional 67,480 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Lindblad Expeditions by 8.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 578,809 shares of the company’s stock valued at $6,755,000 after acquiring an additional 46,284 shares during the period. Black Diamond Financial LLC lifted its position in Lindblad Expeditions by 13.6% during the 3rd quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after acquiring an additional 127,950 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in 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 acquiring an additional 308,463 shares during the period. Finally, Anchor Capital Management Company LLC boosted its stake in Lindblad Expeditions by 8.2% during the second quarter. Anchor Capital Management Company LLC now owns 1,779,903 shares of the company’s stock worth $20,771,000 after acquiring an additional 135,000 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LIND shares. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Citigroup initiated coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating on the stock. Benchmark boosted 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. Stifel Nicolaus upped their price objective on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

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.