Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 62,100 Shares

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 62,100 shares of the stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $16.48, for a total value of $1,023,408.00. Following the sale, the director directly owned 11,566,028 shares in the company, valued at $190,608,141.44. This represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Wednesday, January 21st, Sven-Olof Lindblad sold 75,314 shares of Lindblad Expeditions stock. The shares were 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 Price Performance

LIND stock traded down $0.50 during trading on Friday, hitting $15.91. 722,067 shares of the company traded hands, compared to its average volume of 782,460. The stock’s 50-day simple moving average is $13.86 and its 200 day simple moving average is $13.22. The company has a market cap of $881.41 million, a PE ratio of -24.11 and a beta of 2.28. Lindblad Expeditions has a 1 year low of $7.45 and a 1 year high of $17.19.

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

Wall Street Analysts Forecast Growth

LIND has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating for the company. Stifel Nicolaus upped their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Benchmark reaffirmed a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average price target of $19.00.

Institutional Trading of Lindblad Expeditions

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Lindblad Expeditions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after purchasing an additional 29,642 shares in the last quarter. Anchor Capital Management Company LLC grew its holdings in shares of Lindblad Expeditions by 7.4% during the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after buying an additional 131,203 shares in the last quarter. Black Diamond Financial LLC raised its position in shares of Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after buying an additional 127,950 shares during the last quarter. Penn Capital Management Company LLC lifted its stake in shares of Lindblad Expeditions by 1.7% in the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after buying an additional 16,418 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Lindblad Expeditions by 4.5% in the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock worth $12,321,000 after buying an additional 41,750 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other 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.