Insider Selling: Lindblad Expeditions (NASDAQ:LIND) CEO Sells $3,575,966.88 in Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 222,386 shares of the firm’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $16.08, for a total value of $3,575,966.88. Following the transaction, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at $377,333.28. This represents a 90.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $1,043,668.17.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.04, for a total transaction 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 transaction of $242,167.46.

Lindblad Expeditions Stock Performance

LIND stock opened at $16.79 on Thursday. The firm has a 50 day moving average price of $13.37 and a 200-day moving average price of $13.06. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $17.19. The firm has a market capitalization of $930.17 million, a price-to-earnings ratio of -25.44 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. As a group, sell-side analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LIND has been the subject of a number of analyst reports. Citigroup began coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating for the company. Benchmark initiated coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating and a $18.00 price target for the company. Wall Street Zen lowered shares of 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 note on Tuesday, January 6th. Finally, Stifel Nicolaus boosted their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lindblad Expeditions currently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently modified their holdings of the company. Summit Global Investments boosted its stake in shares of Lindblad Expeditions by 3.5% in the 2nd quarter. Summit Global Investments now owns 25,328 shares of the company’s stock worth $296,000 after buying an additional 848 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Lindblad Expeditions by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock valued at $1,735,000 after purchasing an additional 958 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Lindblad Expeditions by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after buying an additional 1,037 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in Lindblad Expeditions by 7.1% in the 3rd quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock worth $206,000 after buying an additional 1,065 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Lindblad Expeditions by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock worth $168,000 after buying an additional 1,222 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

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.