Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 2,000 Shares of Stock

Lindblad Expeditions (NASDAQ:LINDGet Free Report) Director John Fahey, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total transaction of $40,520.00. Following the completion of the sale, the director owned 112,486 shares in the company, valued at $2,278,966.36. The trade was a 1.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND traded up $0.69 during trading hours on Friday, hitting $20.57. The stock had a trading volume of 488,944 shares, compared to its average volume of 771,527. The stock’s fifty day simple moving average is $18.55 and its 200 day simple moving average is $16.57. Lindblad Expeditions has a 1-year low of $9.85 and a 1-year high of $22.34. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -38.09 and a beta of 2.21.

Lindblad Expeditions (NASDAQ:LINDGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. As a group, research analysts anticipate that Lindblad Expeditions will post 0.09 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on LIND shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Benchmark raised their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Oppenheimer started coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lindblad Expeditions presently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Get Our Latest Stock Analysis on Lindblad Expeditions

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LIND. State of Alaska Department of Revenue acquired a new position in Lindblad Expeditions in the third quarter worth approximately $35,000. Osaic Holdings Inc. increased its stake in Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after purchasing an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Lindblad Expeditions by 222.1% in the 2nd 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 in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Lindblad Expeditions in the 4th quarter worth about $57,000. Finally, Royal Bank of Canada increased its stake in Lindblad Expeditions by 127.1% in the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after purchasing an additional 2,515 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

About Lindblad Expeditions

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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.

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Insider Buying and Selling by Quarter for Lindblad Expeditions (NASDAQ:LIND)

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