Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 83,500 Shares of Company Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 83,500 shares of the firm’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $34.29, for a total value of $2,863,215.00. Following the sale, the director directly owned 10,524,517 shares of the company’s stock, valued at $360,885,687.93. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.74, for a total transaction of $2,750,886.90.

Lindblad Expeditions Trading Down 0.7%

NASDAQ LIND traded down $0.23 during trading hours on Monday, reaching $34.32. The company had a trading volume of 943,320 shares, compared to its average volume of 943,956. The stock has a market capitalization of $2.25 billion, a P/E ratio of -90.32 and a beta of 2.24. The stock has a 50-day moving average of $30.64 and a 200 day moving average of $26.05. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $36.97.

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

Institutional Trading of Lindblad Expeditions

A number of institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 326 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of 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 purchasing an additional 562 shares during the period. Allworth Financial LP grew its holdings in shares of Lindblad Expeditions by 168.8% in the second quarter. Allworth Financial LP now owns 1,363 shares of the company’s stock valued at $38,000 after purchasing an additional 856 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $25,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Lindblad Expeditions by 10.0% in the first quarter. Quantinno Capital Management LP now owns 18,408 shares of the company’s stock valued at $318,000 after purchasing an additional 1,668 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a report on Monday, June 29th. Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a research report on Tuesday, August 4th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Texas Capital lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Jefferies Financial Group lifted their price objective on Lindblad Expeditions from $29.00 to $32.00 and gave the company a “hold” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $31.50.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that operates small-ship voyages and land-based adventures in environmentally and culturally significant destinations. Its trips emphasize exploration, education and conservation, and are designed to provide travelers with opportunities to observe wildlife, visit remote communities and learn from naturalists, historians and other expert guides.

The company operates under the Lindblad Expeditions and National Geographic Expeditions brands through a strategic relationship with National Geographic.