Lindblad Expeditions (NASDAQ:LIND) Director Sells $2,750,886.90 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 79,185 shares of the company’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $34.74, for a total value of $2,750,886.90. Following the transaction, the director directly owned 10,608,017 shares of the company’s stock, valued at approximately $368,522,510.58. This trade represents a 0.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.29, for a total transaction of $2,863,215.00.

Lindblad Expeditions Stock Up 2.1%

NASDAQ LIND opened at $36.19 on Thursday. The firm’s 50 day moving average is $30.73 and its 200-day moving average is $26.31. The company has a market capitalization of $2.37 billion, a PE ratio of -95.24 and a beta of 2.24. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The business had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. As a group, sell-side analysts expect that Lindblad Expeditions will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in Lindblad Expeditions during the second quarter worth $25,000. GAMMA Investing LLC raised its position in Lindblad Expeditions by 35.3% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock worth $39,000 after acquiring an additional 326 shares in the last quarter. Allworth Financial LP acquired a new stake in Lindblad Expeditions in the second quarter valued at $38,000. Silvant Capital Management LLC acquired a new stake in Lindblad Expeditions in the second quarter valued at $58,000. Finally, State of Alaska Department of Revenue lifted its stake in Lindblad Expeditions by 20.5% in the third quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock valued at $103,000 after acquiring an additional 562 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LIND has been the topic of several analyst reports. Stifel Nicolaus set a $37.00 price target on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Sunday, September 20th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Finally, Benchmark lifted their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.