Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler Sells 7,311 Shares

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 7,311 shares of the stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $17.01, for a total transaction of $124,360.11. Following the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $399,156.66. This represents a 23.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Benjamin Bressler also recently made the following trade(s):

• On Wednesday, January 14th, Benjamin Bressler sold 94,259 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.08, for a total value of $1,609,943.72.
• On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.03, for a total value of $1,043,668.17.
• On Monday, January 12th, Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total value of $3,575,966.88.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.04, for a total value of $445,605.12.
• On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.02, for a total value of $242,167.46.

Lindblad Expeditions Stock Down 2.7%

Shares of NASDAQ:LIND traded down $0.45 during midday trading on Friday, hitting $16.23. The stock had a trading volume of 536,719 shares, compared to its average volume of 786,811. The company has a market cap of $899.14 million, a P/E ratio of -24.59 and a beta of 2.28. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $17.19. The business’s 50-day simple moving average is $13.47 and its 200-day simple moving average is $13.09.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. As a group, equities analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on LIND shares. Citigroup began coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating for the company. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. Stifel Nicolaus boosted their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday. Finally, Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. One research 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.00.

Institutional Trading of Lindblad Expeditions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wedge Capital Management L L P NC boosted its holdings in Lindblad Expeditions by 0.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock valued at $1,735,000 after purchasing an additional 958 shares during the period. SG Americas Securities LLC increased its holdings in shares of Lindblad Expeditions by 112.4% during the fourth quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock worth $2,484,000 after purchasing an additional 91,176 shares during the period. JPMorgan Chase & Co. raised its position in shares of Lindblad Expeditions by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 369,337 shares of the company’s stock valued at $4,728,000 after buying an additional 57,974 shares in the last quarter. Tudor Investment Corp ET AL raised its position in shares of Lindblad Expeditions by 15.5% in the third quarter. Tudor Investment Corp ET AL now owns 302,576 shares of the company’s stock valued at $3,873,000 after buying an additional 40,628 shares in the last quarter. Finally, Penn Capital Management Company LLC boosted 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 valued at $12,423,000 after buying an additional 16,418 shares during the period. Institutional investors and hedge funds 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.