Lindblad Expeditions (NASDAQ:LIND) Director Sells $703,151.96 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 44,002 shares of Lindblad Expeditions stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $15.98, for a total value of $703,151.96. Following the completion of the sale, the director directly owned 11,443,057 shares in the company, valued at approximately $182,860,050.86. The trade was a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.29, for a total transaction of $1,411,349.31.
• On Monday, January 26th, Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.03, for a total transaction of $687,735.09.
• On Friday, January 23rd, Sven-Olof Lindblad sold 36,066 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total transaction of $579,941.28.
• On Thursday, January 22nd, Sven-Olof Lindblad sold 62,100 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.48, for a total transaction of $1,023,408.00.
• On Wednesday, January 21st, Sven-Olof Lindblad sold 75,314 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.03, for a total transaction of $1,207,283.42.
• On Tuesday, January 20th, Sven-Olof Lindblad sold 80,520 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.67, for a total transaction of $1,261,748.40.

Lindblad Expeditions Trading Down 0.9%

Shares of NASDAQ:LIND opened at $16.67 on Friday. The company has a market cap of $923.52 million, a price-to-earnings ratio of -25.26 and a beta of 2.28. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $17.19. The company has a 50-day moving average price of $14.42 and a 200 day moving average price of $13.36.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. As a group, equities analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current year.

Institutional Investors Weigh In On Lindblad Expeditions

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Lindblad Expeditions by 1.3% during the third quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock worth $29,853,000 after acquiring an additional 29,642 shares during the period. Anchor Capital Management Company LLC grew its stake in Lindblad Expeditions by 7.4% in the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after purchasing an additional 131,203 shares in the last quarter. Black Diamond Financial LLC grew its stake in Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after purchasing an additional 127,950 shares in the last quarter. Penn Capital Management Company LLC increased its holdings in Lindblad Expeditions by 1.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after purchasing an additional 16,418 shares during the period. Finally, Pinnacle Associates Ltd. raised its position in Lindblad Expeditions by 4.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after purchasing an additional 41,750 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LIND has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Stifel Nicolaus lifted their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Benchmark reiterated a “buy” rating on shares of Lindblad Expeditions in a report on Thursday, January 15th. Finally, Citigroup assumed coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.00.

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.