Benjamin Bressler Sells 7,311 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 7,311 shares of the stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $17.01, for a total transaction of $124,360.11. Following the sale, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $399,156.66. This trade represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Benjamin Bressler also recently made the following trade(s):

• On Wednesday, January 14th, Benjamin Bressler sold 94,259 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.08, for a total transaction of $1,609,943.72.
• On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.03, for a total value of $1,043,668.17.
• On Monday, January 12th, Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total value of $3,575,966.88.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.04, for a total value of $445,605.12.
• On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.02, for a total value of $242,167.46.

Lindblad Expeditions Stock Performance

Shares of LIND opened at $16.23 on Friday. The firm has a market cap of $899.16 million, a PE ratio of -24.59 and a beta of 2.28. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $17.19. The business’s 50 day moving average price is $13.55 and its two-hundred day moving average price is $13.13.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The company had revenue of $240.17 million during the quarter, compared to the consensus estimate of $229.68 million. Research analysts predict that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on LIND shares. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citigroup began coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating for the company. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus increased their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Finally, Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday. One equities 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Hedge Funds Weigh In On Lindblad Expeditions

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Lindblad Expeditions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock worth $29,853,000 after acquiring an additional 29,642 shares in the last quarter. Anchor Capital Management Company LLC increased its stake in Lindblad Expeditions by 7.4% in 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 buying an additional 131,203 shares during the last quarter. Black Diamond Financial LLC lifted its position in shares of Lindblad Expeditions by 13.6% during the 3rd quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after buying an additional 127,950 shares in the last quarter. Penn Capital Management Company LLC lifted its position in shares of Lindblad Expeditions by 1.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after buying an additional 16,418 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its holdings 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 valued at $12,321,000 after acquiring an additional 41,750 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

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.