Lindblad Expeditions (NASDAQ:LIND – Get Free Report) Director Sven-Olof Lindblad sold 66,160 shares of the company’s stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $34.23, for a total transaction of $2,264,656.80. Following the completion of the sale, the director directly owned 10,217,368 shares in the company, valued at approximately $349,740,506.64. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Sven-Olof Lindblad also recently made the following trade(s):
- On Monday, October 26th, Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.25, for a total transaction of $1,761,407.25.
- On Thursday, October 22nd, Sven-Olof Lindblad sold 67,974 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.68, for a total transaction of $2,425,312.32.
- On Wednesday, October 21st, Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock. The stock was sold at an average price of $36.23, for a total transaction of $3,531,338.10.
- On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.49, for a total transaction of $2,681,092.05.
- On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.29, for a total transaction of $2,863,215.00.
- On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.74, for a total transaction of $2,750,886.90.
Lindblad Expeditions Trading Up 0.7%
Shares of Lindblad Expeditions stock opened at $35.09 on Wednesday. The business has a 50-day moving average price of $30.98 and a two-hundred day moving average price of $24.10. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $36.97.
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.08. The business had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. On average, sell-side analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current year.
Hedge Funds Weigh In On Lindblad Expeditions
Institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Lindblad Expeditions in the 2nd quarter worth $122,583,000. Pinnacle Associates Ltd. increased its stake in Lindblad Expeditions by 8.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock valued at $27,163,000 after purchasing an additional 64,185 shares in the last quarter. Principal Financial Group Inc. increased its stake in Lindblad Expeditions by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after purchasing an additional 46,955 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Lindblad Expeditions by 44.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after purchasing an additional 393,359 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Lindblad Expeditions during the 2nd quarter valued at $19,362,000. 75.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on LIND. Jefferies Financial Group lifted their target price on Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $30.00 price objective on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.
Check Out Our Latest Stock Report on LIND
Lindblad Expeditions Company Profile
Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.
The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.
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