Lindblad Expeditions (NASDAQ:LIND) CEO Sells $3,575,966.88 in Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 222,386 shares of the company’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $16.08, for a total transaction of $3,575,966.88. Following the completion of the transaction, the chief executive officer owned 23,466 shares in the company, valued at $377,333.28. This trade represents a 90.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.03, for a total value of $1,043,668.17.
• 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 shares were sold at an average price of $15.02, for a total value of $242,167.46.

Lindblad Expeditions Stock Up 12.3%

Shares of LIND traded up $1.85 during trading hours on Monday, hitting $16.89. 2,011,826 shares of the company were exchanged, compared to its average volume of 387,322. The company has a market cap of $935.71 million, a price-to-earnings ratio of -25.59 and a beta of 2.28. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $16.99. The firm’s fifty day moving average is $13.20 and its 200 day moving average is $13.00.

Lindblad Expeditions (NASDAQ:LIND) last posted 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 firm had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. Analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LIND shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Citigroup assumed coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating for the company. Stifel Nicolaus lifted their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Trading of Lindblad Expeditions

Several hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue acquired a new position in shares of Lindblad Expeditions during the third quarter valued at about $35,000. Osaic Holdings Inc. grew its holdings in Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after buying an additional 3,311 shares in the last quarter. CWM LLC raised its position in Lindblad Expeditions by 188.1% in the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after buying an additional 3,166 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in Lindblad Expeditions by 167.4% during the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock valued at $101,000 after acquiring an additional 5,427 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.