Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 86,639 Shares

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 86,639 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $16.29, for a total transaction of $1,411,349.31. Following the sale, the director owned 11,356,418 shares of the company’s stock, valued at approximately $184,996,049.22. This represents a 0.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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 shares were sold at an average price of $16.03, for a total transaction of $687,735.09.
• 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 transaction 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 stock was sold at an average price of $15.67, for a total value of $1,261,748.40.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND traded up $0.58 during trading hours on Thursday, hitting $16.82. The stock had a trading volume of 961,029 shares, compared to its average volume of 786,749. The firm’s 50-day moving average price is $14.22 and its two-hundred day moving average price is $13.31. Lindblad Expeditions has a 52 week low of $7.45 and a 52 week high of $17.19. The company has a market capitalization of $931.83 million, a P/E ratio of -25.48 and a beta of 2.28.

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

Institutional Investors Weigh In On Lindblad Expeditions

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on LIND. Citigroup assumed coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating on the stock. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Benchmark reiterated a “buy” rating on shares of Lindblad Expeditions in a report on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.