Sven-Olof Lindblad Sells 36,066 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 36,066 shares of the business’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $16.08, for a total transaction of $579,941.28. Following the completion of the sale, the director directly owned 11,529,962 shares in the company, valued at $185,401,788.96. This represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 value of $687,735.09.
• 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 stock was sold at an average price of $15.67, for a total value of $1,261,748.40.

Lindblad Expeditions Stock Performance

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

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results 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 business had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. On average, equities research analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on LIND. Benchmark reissued a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday, January 15th. Stifel Nicolaus upped their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Citigroup assumed coverage on Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, January 22nd. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LIND. Vanguard Group Inc. increased its holdings in shares of Lindblad Expeditions by 1.3% during the 3rd 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 last quarter. Anchor Capital Management Company LLC increased its holdings in shares of 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 valued at $24,462,000 after purchasing an additional 131,203 shares during the last quarter. Black Diamond Financial LLC raised its position in shares of Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after purchasing an additional 127,950 shares during the period. Penn Capital Management Company LLC raised its position in shares of Lindblad Expeditions by 1.7% in the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock valued at $12,423,000 after purchasing an additional 16,418 shares during the period. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Lindblad Expeditions by 4.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock worth $12,321,000 after buying an additional 41,750 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

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.