Lindblad Expeditions (NASDAQ:LIND) Director Sells $1,023,408.00 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 62,100 shares of the company’s stock in a transaction on Thursday, January 22nd. The stock was sold at an average price of $16.48, for a total value of $1,023,408.00. Following the sale, the director owned 11,566,028 shares of the company’s stock, valued at approximately $190,608,141.44. This represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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

LIND stock traded down $0.50 during trading on Friday, reaching $15.91. 722,067 shares of the company traded hands, compared to its average volume of 782,460. The business has a 50 day simple moving average of $13.86 and a 200 day simple moving average of $13.22. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $17.19. The company has a market capitalization of $881.41 million, a price-to-earnings ratio of -24.11 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last announced 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 during the quarter, compared to the consensus estimate of $229.68 million. As a group, research analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current year.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Several brokerages have weighed in on LIND. Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. Stifel Nicolaus raised their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Finally, Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lindblad Expeditions has a consensus 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.