Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler Sells 69,439 Shares

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 69,439 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $15.03, for a total value of $1,043,668.17. Following the transaction, the chief executive officer owned 23,466 shares in the company, valued at approximately $352,693.98. This represents a 74.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Benjamin Bressler also recently made the following trade(s):

• On Monday, January 12th, Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total value of $3,575,966.88.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.04, for a total value of $445,605.12.
• On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.02, for a total value of $242,167.46.

Lindblad Expeditions Trading Up 12.3%

NASDAQ:LIND traded up $1.85 during trading hours on Monday, hitting $16.89. The stock had a trading volume of 2,011,826 shares, compared to its average volume of 387,322. The company has a market cap of $935.71 million, a PE ratio of -25.59 and a beta of 2.28. The business has a 50 day simple moving average of $13.20 and a two-hundred day simple moving average of $13.00. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $16.99.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $240.17 million for the quarter, compared to analyst estimates of $229.68 million. Research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Lindblad Expeditions

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its holdings in shares of Lindblad Expeditions by 44.4% in the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock worth $148,000 after purchasing an additional 4,921 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Lindblad Expeditions by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after buying an additional 1,037 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Lindblad Expeditions in the second quarter worth $1,405,000. North Star Investment Management Corp. lifted its stake in Lindblad Expeditions by 1.4% in the second quarter. North Star Investment Management Corp. now owns 204,800 shares of the company’s stock valued at $2,390,000 after buying an additional 2,900 shares during the last quarter. Finally, GC Wealth Management RIA LLC acquired a new position in shares of Lindblad Expeditions during the second quarter valued at $3,467,000. Institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LIND shares. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Citigroup began coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating on the stock. Benchmark initiated coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating and a $18.00 price objective for the company. Finally, Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.