Trey Byus Sells 10,000 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) insider Trey Byus sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.05, for a total value of $200,500.00. Following the completion of the sale, the insider directly owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Trey Byus also recently made the following trade(s):

• On Monday, May 11th, Trey Byus sold 26,460 shares of Lindblad Expeditions stock. The shares were sold at an average price of $20.23, for a total value of $535,285.80.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND traded up $0.69 during midday trading on Friday, hitting $20.57. The company had a trading volume of 488,944 shares, compared to its average volume of 771,527. Lindblad Expeditions has a twelve month low of $9.85 and a twelve month high of $22.34. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -38.09 and a beta of 2.21. The business’s 50-day simple moving average is $18.55 and its 200-day simple moving average is $16.57.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. As a group, sell-side analysts forecast that Lindblad Expeditions will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue purchased a new position in Lindblad Expeditions in the third quarter worth approximately $35,000. Osaic Holdings Inc. grew its position 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 period. Kemnay Advisory Services Inc. purchased a new position in Lindblad Expeditions in the fourth quarter worth approximately $57,000. Royal Bank of Canada boosted its position in shares of Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after buying an additional 2,515 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 3,311 shares during the period. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LIND has been the subject of several recent research reports. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Oppenheimer initiated coverage on Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective for the company. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Benchmark increased their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.25.

Lindblad Expeditions Company Profile

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.