Lindblad Expeditions (NASDAQ:LIND – Get Free Report) Director Sven-Olof Lindblad sold 97,470 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $36.23, for a total value of $3,531,338.10. Following the completion of the sale, the director owned 10,351,502 shares in the company, valued at approximately $375,034,917.46. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Sven-Olof Lindblad also recently made the following trade(s):
- 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 value of $2,425,312.32.
- 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 value of $2,681,092.05.
- On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The stock was 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 stock was sold at an average price of $34.74, for a total transaction of $2,750,886.90.
Lindblad Expeditions Stock Performance
Shares of Lindblad Expeditions stock traded down $0.94 during trading on Thursday, hitting $35.25. 660,545 shares of the company’s stock were exchanged, compared to its average volume of 840,738. The business has a 50-day simple moving average of $30.73 and a 200-day simple moving average of $26.31. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -92.76 and a beta of 2.24. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $36.97.
Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.08. The business had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. On average, equities analysts anticipate that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in shares of Lindblad Expeditions in the second quarter valued at $25,000. Allworth Financial LP acquired a new stake in Lindblad Expeditions during the 2nd quarter valued at $38,000. GAMMA Investing LLC increased its stake in Lindblad Expeditions by 35.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock worth $39,000 after buying an additional 326 shares during the period. Silvant Capital Management LLC purchased a new stake in Lindblad Expeditions during the 2nd quarter worth $58,000. Finally, Assetmark Inc. increased its stake in Lindblad Expeditions by 77.0% during the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock worth $94,000 after buying an additional 2,373 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
LIND has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $30.00 target price on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. Texas Capital lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Finally, Capital One Financial set a $31.00 price objective on Lindblad Expeditions in a report on Monday, June 29th. One 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 issued a Sell rating to the company. According to MarketBeat, Lindblad Expeditions presently has an average rating of “Moderate Buy” and a consensus target price of $31.50.
Get Our Latest Stock Report on LIND
About Lindblad Expeditions
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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