Lindblad Expeditions (NASDAQ:LIND) Director Michael Elliott Bisnow Sells 44,642 Shares

Lindblad Expeditions (NASDAQ:LIND) Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares of the company’s stock, valued at $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Lindblad Expeditions Stock Performance

LIND stock traded up $1.79 during mid-day trading on Thursday, reaching $25.75. 1,388,554 shares of the stock traded hands, compared to its average volume of 777,240. Lindblad Expeditions has a one year low of $10.55 and a one year high of $26.56. The stock has a market capitalization of $1.69 billion, a PE ratio of -47.69 and a beta of 2.26. The business has a 50-day moving average price of $20.46 and a two-hundred day moving average price of $17.97.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. On average, equities analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LIND. Oppenheimer started coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective on the stock. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Finally, Benchmark increased their price target on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

Institutional Investors Weigh In On Lindblad Expeditions

Large investors have recently added to or reduced their stakes in the stock. Pier Capital LLC bought a new position in Lindblad Expeditions in the 3rd quarter worth about $6,076,000. Millennium Management LLC increased its position in shares of Lindblad Expeditions by 115.1% during the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after acquiring an additional 446,294 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Lindblad Expeditions by 44.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after acquiring an additional 393,359 shares during the period. UBS Group AG raised its stake in shares of Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock valued at $12,017,000 after acquiring an additional 305,704 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Lindblad Expeditions by 59.0% in the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock valued at $13,598,000 after purchasing an additional 291,776 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.