Lindblad Expeditions (NASDAQ:LIND) Director Sells $579,941.28 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 36,066 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $16.08, for a total transaction of $579,941.28. Following the sale, the director directly owned 11,529,962 shares in the company, valued at $185,401,788.96. This trade represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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 transaction of $687,735.09.
• On Thursday, January 22nd, Sven-Olof Lindblad sold 62,100 shares of Lindblad Expeditions stock. The stock was 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 transaction of $1,261,748.40.

Lindblad Expeditions Trading Up 0.6%

Shares of NASDAQ:LIND opened at $16.24 on Thursday. 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 $899.70 million, a P/E ratio of -24.61 and a beta of 2.28. The firm’s 50 day moving average is $14.22 and its two-hundred day moving average is $13.31.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The business had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. Analysts predict that Lindblad Expeditions will post -0.43 EPS for the current year.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its position in shares of Lindblad Expeditions by 44.4% in the first quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after acquiring an additional 4,921 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lindblad Expeditions by 5.1% in 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. GC Wealth Management RIA LLC acquired a new position in Lindblad Expeditions in the second quarter worth about $3,467,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Lindblad Expeditions in the 2nd quarter worth approximately $330,000. Finally, AlphaQuest LLC raised its stake in Lindblad Expeditions by 167.4% during the second quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock worth $101,000 after acquiring an additional 5,427 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LIND. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Citigroup began coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating on the stock. Stifel Nicolaus lifted their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. One 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

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.