Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 42,903 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock in a transaction on Monday, January 26th. The stock was sold at an average price of $16.03, for a total transaction of $687,735.09. Following the transaction, the director owned 11,487,059 shares in the company, valued at $184,137,555.77. This represents a 0.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Sven-Olof Lindblad also recently made the following trade(s):

• On Friday, January 23rd, Sven-Olof Lindblad sold 36,066 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.08, for a total value of $579,941.28.
• On Thursday, January 22nd, Sven-Olof Lindblad sold 62,100 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.48, for a total value of $1,023,408.00.
• On Wednesday, January 21st, Sven-Olof Lindblad sold 75,314 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.03, for a total value of $1,207,283.42.
• On Tuesday, January 20th, Sven-Olof Lindblad sold 80,520 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.67, for a total value of $1,261,748.40.

Lindblad Expeditions Stock Up 1.1%

LIND stock opened at $16.08 on Tuesday. The business’s 50-day moving average price is $14.03 and its 200-day moving average price is $13.26. The stock has a market cap of $890.83 million, a P/E ratio of -24.36 and a beta of 2.28. Lindblad Expeditions has a twelve month low of $7.45 and a twelve month high of $17.19.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. On average, equities research analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LIND has been the topic of a number of recent analyst reports. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday. Citigroup assumed coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating on the stock. Stifel Nicolaus increased their price objective 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, Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LIND. SG Americas Securities LLC grew its stake in shares of Lindblad Expeditions by 495.8% in the 3rd quarter. SG Americas Securities LLC now owns 81,089 shares of the company’s stock worth $1,038,000 after buying an additional 67,480 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Lindblad Expeditions by 8.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 578,809 shares of the company’s stock worth $6,755,000 after acquiring an additional 46,284 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Lindblad Expeditions by 108.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock worth $6,920,000 after acquiring an additional 308,463 shares during the last quarter. Anchor Capital Management Company LLC raised its position in Lindblad Expeditions by 8.2% during the second quarter. Anchor Capital Management Company LLC now owns 1,779,903 shares of the company’s stock valued at $20,771,000 after purchasing an additional 135,000 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at approximately $330,000. 75.94% of the stock is owned by hedge funds and other 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.