Lindblad Expeditions (NASDAQ:LIND) CEO Sells $1,609,943.72 in Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 94,259 shares of the firm’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $17.08, for a total value of $1,609,943.72. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at approximately $400,799.28. This trade represents a 80.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, January 15th, Benjamin Bressler sold 7,311 shares of Lindblad Expeditions stock. The stock was sold at an average price of $17.01, for a total transaction of $124,360.11.
• On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The shares were 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 stock was 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 shares were 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 Price Performance

Shares of NASDAQ LIND traded down $0.45 during midday trading on Friday, reaching $16.23. 536,719 shares of the stock were exchanged, compared to its average volume of 786,811. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $17.19. The business has a 50-day simple moving average of $13.47 and a two-hundred day simple moving average of $13.09. The company has a market capitalization of $899.14 million, a price-to-earnings ratio of -24.59 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping 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. Equities research analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Capital Advisors Inc. bought a new stake in Lindblad Expeditions in the 2nd quarter valued at $1,405,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in Lindblad Expeditions by 8.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 578,809 shares of the company’s stock valued at $6,755,000 after purchasing an additional 46,284 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Lindblad Expeditions by 108.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock worth $6,920,000 after purchasing an additional 308,463 shares during the period. Anchor Capital Management Company LLC grew its stake in Lindblad Expeditions by 8.2% during the second quarter. Anchor Capital Management Company LLC now owns 1,779,903 shares of the company’s stock worth $20,771,000 after buying an additional 135,000 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Lindblad Expeditions in the 2nd quarter valued at approximately $330,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LIND. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Benchmark reissued a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday. Citigroup initiated coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating for the company. Stifel Nicolaus lifted their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday. Finally, Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.00.

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.