Benjamin Bressler Sells 33,338 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 33,338 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $17.02, for a total transaction of $567,412.76. Following the completion of the sale, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $399,391.32. This represents a 58.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 value of $124,360.11.
• On Wednesday, January 14th, Benjamin Bressler sold 94,259 shares of Lindblad Expeditions stock. The stock was 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 shares were sold at an average price of $15.03, for a total transaction 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 Price Performance

Shares of LIND stock traded down $0.15 during trading on Friday, reaching $16.67. The company’s stock had a trading volume of 643,407 shares, compared to its average volume of 779,580. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $17.19. The company has a market capitalization of $923.53 million, a price-to-earnings ratio of -25.26 and a beta of 2.28. The stock’s 50-day moving average price is $14.32 and its 200 day moving average price is $13.33.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to analyst estimates of $229.68 million. On average, sell-side analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on LIND. Citigroup began coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating on the stock. Stifel Nicolaus increased their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One equities 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Trading of Lindblad Expeditions

Several hedge funds have recently added to or reduced their stakes in LIND. Summit Global Investments raised its stake in shares of Lindblad Expeditions by 3.5% in the second quarter. Summit Global Investments now owns 25,328 shares of the company’s stock valued at $296,000 after acquiring an additional 848 shares during the period. Wedge Capital Management L L P NC grew its stake in Lindblad Expeditions by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock worth $1,735,000 after purchasing an additional 958 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Lindblad Expeditions by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after acquiring an additional 1,037 shares in the last quarter. Simon Quick Advisors LLC increased its holdings in Lindblad Expeditions by 7.1% during the third quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock valued at $206,000 after buying an additional 1,065 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Lindblad Expeditions by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock valued at $168,000 after acquiring an additional 1,222 shares during the period. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.