Michael Elliott Bisnow Sells 44,642 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director Michael Elliott Bisnow sold 44,642 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the transaction, the director directly owned 25,872 shares of the company’s stock, valued at $626,361.12. This trade represents a 63.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $25.75 on Friday. Lindblad Expeditions has a 12-month low of $10.55 and a 12-month high of $26.56. The stock’s fifty day simple moving average is $20.77 and its two-hundred day simple moving average is $18.12. The stock has a market capitalization of $1.69 billion, a PE ratio of -47.69 and a beta of 2.26.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.08. The company had revenue of $208.01 million for the quarter, compared to analysts’ expectations of $197.24 million. On average, equities analysts predict that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Oppenheimer assumed coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Finally, Benchmark lifted their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in 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 purchasing an additional 4,921 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings 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 during the period. Creative Planning acquired a new position in shares of Lindblad Expeditions in the 2nd quarter valued at about $174,000. JPMorgan Chase & Co. boosted its stake in shares of Lindblad Expeditions by 78.9% in the second quarter. JPMorgan Chase & Co. now owns 311,363 shares of the company’s stock worth $3,634,000 after buying an additional 137,312 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Lindblad Expeditions by 8.1% in the second quarter. Rhumbline Advisers now owns 55,012 shares of the company’s stock worth $642,000 after buying an additional 4,114 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.