Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 1,000 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. 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 117,486 shares of the company’s stock, valued at approximately $2,278,053.54. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lindblad Expeditions Price Performance

NASDAQ:LIND traded down $0.69 during trading hours on Friday, reaching $18.67. 551,183 shares of the stock were exchanged, compared to its average volume of 784,512. Lindblad Expeditions has a twelve month low of $9.85 and a twelve month high of $22.34. The firm has a 50 day moving average of $18.44 and a 200 day moving average of $16.32. The stock has a market cap of $1.22 billion, a PE ratio of -34.57 and a beta of 2.21.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate 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 research analysts anticipate that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Analyst Ratings Changes

LIND has been the subject of several recent analyst reports. Oppenheimer initiated coverage on Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective for the company. Benchmark increased their price objective 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. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions presently has an average rating of “Moderate Buy” and a consensus price target of $22.25.

Institutional Investors Weigh In On Lindblad Expeditions

A number of large investors have recently added to or reduced their stakes in the business. Granahan Investment Management LLC raised its stake in Lindblad Expeditions by 11.5% in the 1st quarter. Granahan Investment Management LLC now owns 385,383 shares of the company’s stock valued at $6,667,000 after acquiring an additional 39,809 shares during the period. Aristides Capital LLC raised its stake in Lindblad Expeditions by 126.2% in the 1st quarter. Aristides Capital LLC now owns 59,228 shares of the company’s stock valued at $1,025,000 after acquiring an additional 33,048 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Lindblad Expeditions by 44.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after acquiring an additional 393,359 shares during the period. Sei Investments Co. raised its stake in Lindblad Expeditions by 93.2% in the 1st quarter. Sei Investments Co. now owns 109,907 shares of the company’s stock valued at $1,901,000 after acquiring an additional 53,029 shares during the period. Finally, Militia Capital Management LLC bought a new stake in Lindblad Expeditions in the 1st quarter valued at $1,643,000. Institutional investors own 75.94% of the company’s stock.

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.