Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler Sells 7,311 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 7,311 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $17.01, for a total transaction of $124,360.11. Following the completion of the sale, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at approximately $399,156.66. This represents a 23.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Benjamin Bressler also recently made the following trade(s):

• On Wednesday, January 14th, Benjamin Bressler sold 94,259 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.08, for a total transaction of $1,609,943.72.
• On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.03, for a total value of $1,043,668.17.
• On Monday, January 12th, Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.08, for a total value of $3,575,966.88.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.04, for a total value of $445,605.12.
• On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.02, for a total value of $242,167.46.

Lindblad Expeditions Stock Down 2.7%

Shares of Lindblad Expeditions stock opened at $16.23 on Friday. The firm has a market cap of $899.14 million, a price-to-earnings ratio of -24.59 and a beta of 2.28. The business has a fifty day simple moving average of $13.55 and a 200-day simple moving average of $13.12. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $17.19.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on LIND shares. Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Stifel Nicolaus increased their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, Citigroup started coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Institutional Inflows and Outflows

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