Lindblad Expeditions (NASDAQ:LIND) Director Sells 49,969 Shares of Company Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions stock in a transaction on Monday, October 26th. The stock was sold at an average price of $35.25, for a total value of $1,761,407.25. Following the sale, the director owned 10,167,399 shares in the company, valued at $358,400,814.75. The trade was a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, October 23rd, Sven-Olof Lindblad sold 66,160 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.23, for a total transaction of $2,264,656.80.
• On Thursday, October 22nd, Sven-Olof Lindblad sold 67,974 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.68, for a total transaction of $2,425,312.32.
• On Wednesday, October 21st, Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock. The stock was sold at an average price of $36.23, for a total transaction of $3,531,338.10.
• On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.49, for a total transaction of $2,681,092.05.
• 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.
• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.74, for a total transaction of $2,750,886.90.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND traded up $0.24 during trading on Tuesday, reaching $35.09. 1,011,823 shares of the stock traded hands, compared to its average volume of 839,464. The stock has a market capitalization of $2.30 billion, a P/E ratio of -92.34 and a beta of 2.24. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $36.97. The company has a 50-day moving average of $30.93 and a 200-day moving average of $23.99.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating 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 company had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Analysts expect that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LIND has been the subject of several recent analyst reports. Jefferies Financial Group boosted their price objective on Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, October 8th. Benchmark raised their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $30.00 price target on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Finally, Capital One Financial set a $31.00 price target on shares of Lindblad Expeditions in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Hedge Funds Weigh In On Lindblad Expeditions

A number of large investors have recently modified their holdings of LIND. BlackRock Inc. purchased a new position in shares of Lindblad Expeditions during the second quarter worth approximately $122,583,000. Principal Financial Group Inc. raised its stake in shares of Lindblad Expeditions by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after acquiring an additional 46,955 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 valued at $22,021,000 after acquiring an additional 393,359 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Lindblad Expeditions by 8.0% during the third quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock valued at $27,163,000 after acquiring an additional 64,185 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Lindblad Expeditions by 59.0% during the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $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.

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.