Sven-Olof Lindblad Sells 42,903 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 42,903 shares of the business’s stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $16.03, for a total transaction of $687,735.09. Following the completion of the transaction, the director directly owned 11,487,059 shares in the company, valued at $184,137,555.77. This trade represents a 0.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• 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 value of $579,941.28.
• On Thursday, January 22nd, Sven-Olof Lindblad sold 62,100 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.48, for a total value 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 value 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 value of $1,261,748.40.

Lindblad Expeditions Stock Up 0.4%

NASDAQ LIND opened at $16.14 on Wednesday. The company has a market cap of $894.16 million, a PE ratio of -24.45 and a beta of 2.28. Lindblad Expeditions has a 52 week low of $7.45 and a 52 week high of $17.19. The firm’s 50-day simple moving average is $14.13 and its two-hundred day simple moving average is $13.29.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Summit Global Investments raised its stake in Lindblad Expeditions by 3.5% in the second quarter. Summit Global Investments now owns 25,328 shares of the company’s stock valued at $296,000 after purchasing an additional 848 shares in the last quarter. Wedge Capital Management L L P NC increased its holdings in shares of Lindblad Expeditions by 0.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock worth $1,735,000 after buying an additional 958 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Lindblad Expeditions by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after buying an additional 1,037 shares in the last quarter. Simon Quick Advisors LLC raised its position in shares of Lindblad Expeditions by 7.1% during the 3rd quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock valued at $206,000 after buying an additional 1,065 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Lindblad Expeditions by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock worth $168,000 after acquiring an additional 1,222 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

LIND has been the subject of several recent research reports. Benchmark reiterated a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday, January 15th. Stifel Nicolaus lifted their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Citigroup began coverage on shares of Lindblad Expeditions in a 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 assigned a Sell rating to the company. According to data from MarketBeat, Lindblad Expeditions has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Lindblad Expeditions Company Profile

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.