Benjamin Bressler Sells 94,259 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 94,259 shares of the business’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $17.08, for a total transaction of $1,609,943.72. Following the completion of the transaction, the chief executive officer owned 23,466 shares in the company, valued at $400,799.28. This represents a 80.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, January 15th, Benjamin Bressler sold 7,311 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.01, for a total value of $124,360.11.
• 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 shares were sold at an average price of $15.02, for a total value of $242,167.46.

Lindblad Expeditions Trading Down 2.7%

Shares of NASDAQ: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. The company has a fifty day simple moving average of $13.55 and a 200 day simple moving average of $13.13. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $17.19.

Lindblad Expeditions (NASDAQ:LIND) last issued 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 company had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. As a group, equities research analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on LIND shares. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus boosted their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in shares of Lindblad Expeditions in the third quarter valued at $35,000. Osaic Holdings Inc. raised its position in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after acquiring an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 valued at $56,000 after acquiring an additional 3,311 shares during the last quarter. CWM LLC lifted its holdings in Lindblad Expeditions by 188.1% in the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after acquiring an additional 3,166 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in shares of Lindblad Expeditions by 167.4% during 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 in the last quarter. Institutional investors own 75.94% of the company’s stock.

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.