Insider Selling: Lindblad Expeditions (NASDAQ:LIND) CEO Sells 16,123 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 16,123 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $15.02, for a total value of $242,167.46. Following the sale, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at approximately $352,459.32. This represents a 40.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lindblad Expeditions Price Performance

LIND traded down $0.02 on Tuesday, hitting $14.71. The company had a trading volume of 299,164 shares, compared to its average volume of 348,508. The company’s fifty day moving average price is $12.44 and its 200 day moving average price is $12.62. The stock has a market cap of $814.93 million, a price-to-earnings ratio of -22.29 and a beta of 2.36. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $15.06.

Lindblad Expeditions (NASDAQ:LIND) last posted 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 firm had revenue of $240.17 million during the quarter, compared to the consensus estimate of $229.68 million. On average, sell-side analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LIND shares. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.00.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in Lindblad Expeditions during the third quarter worth $35,000. Osaic Holdings Inc. lifted its stake 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 during the last quarter. Quantbot Technologies LP grew its position in Lindblad Expeditions by 28.3% during the 1st quarter. Quantbot Technologies LP now owns 6,090 shares of the company’s stock worth $56,000 after purchasing an additional 1,345 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after acquiring an additional 3,311 shares during the last quarter. Finally, CWM LLC increased its stake 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. Institutional investors and hedge funds 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.