Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 36,066 Shares

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 36,066 shares of Lindblad Expeditions stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $16.08, for a total value of $579,941.28. Following the completion of the sale, the director owned 11,529,962 shares in the company, valued at approximately $185,401,788.96. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, January 26th, Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.03, for a total value of $687,735.09.
• 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 transaction 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 transaction of $1,261,748.40.

Lindblad Expeditions Stock Up 1.1%

Shares of LIND opened at $16.08 on Tuesday. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $17.19. The company has a 50-day simple moving average of $14.03 and a 200-day simple moving average of $13.26. The company has a market capitalization of $890.83 million, a PE ratio of -24.36 and a beta of 2.28.

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

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Benchmark reiterated a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday, January 15th. Stifel Nicolaus raised their target price 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 reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new position in Lindblad Expeditions in the 3rd quarter valued at about $35,000. Osaic Holdings Inc. raised its position in shares of Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after buying an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after buying an additional 3,311 shares during the period. CWM LLC boosted its position in Lindblad Expeditions by 188.1% during the third quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after acquiring an additional 3,166 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Lindblad Expeditions by 579.1% during the third quarter. Federated Hermes Inc. now owns 8,129 shares of the company’s stock worth $104,000 after acquiring an additional 6,932 shares during the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.