Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 2,000 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.26, for a total value of $40,520.00. Following the completion of the transaction, the director directly owned 112,486 shares in the company, valued at $2,278,966.36. This represents a 1.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Lindblad Expeditions Price Performance

NASDAQ LIND traded up $0.69 on Friday, hitting $20.57. 488,944 shares of the stock were exchanged, compared to its average volume of 771,527. Lindblad Expeditions has a 52-week low of $9.85 and a 52-week high of $22.34. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -38.09 and a beta of 2.21. The company’s 50-day moving average price is $18.55 and its two-hundred day moving average price is $16.57.

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

Analyst Ratings Changes

Several equities analysts have weighed in on LIND shares. Oppenheimer started coverage on Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Benchmark lifted their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Finally, Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Institutional Investors Weigh In On Lindblad Expeditions

Several large investors have recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in Lindblad Expeditions in the third quarter worth $35,000. Osaic Holdings Inc. boosted its holdings 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 purchasing an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Lindblad Expeditions in the fourth quarter worth $57,000. Finally, Royal Bank of Canada boosted its holdings in Lindblad Expeditions by 127.1% in the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after purchasing an additional 2,515 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

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.