Sven-Olof Lindblad Sells 44,002 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 44,002 shares of the business’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $15.98, for a total transaction of $703,151.96. Following the completion of the sale, the director owned 11,443,057 shares in the company, valued at approximately $182,860,050.86. The trade was a 0.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sven-Olof Lindblad also recently made the following trade(s):

• On Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.29, for a total transaction of $1,411,349.31.
• On Monday, January 26th, Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.03, for a total value of $687,735.09.
• On Friday, January 23rd, Sven-Olof Lindblad sold 36,066 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.08, for a total value of $579,941.28.
• On Thursday, January 22nd, Sven-Olof Lindblad sold 62,100 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.48, for a total value of $1,023,408.00.
• On Wednesday, January 21st, Sven-Olof Lindblad sold 75,314 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.03, for a total value of $1,207,283.42.
• On Tuesday, January 20th, Sven-Olof Lindblad sold 80,520 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.67, for a total value of $1,261,748.40.

Lindblad Expeditions Stock Down 0.9%

NASDAQ:LIND opened at $16.67 on Friday. Lindblad Expeditions has a 52 week low of $7.45 and a 52 week high of $17.19. The firm has a 50 day moving average of $14.42 and a 200 day moving average of $13.36. The stock has a market capitalization of $923.52 million, a price-to-earnings ratio of -25.26 and a beta of 2.28.

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

Analyst Upgrades and Downgrades

LIND has been the subject of a number of research reports. Benchmark reaffirmed a “buy” rating on shares of Lindblad Expeditions in a report on Thursday, January 15th. Stifel Nicolaus increased their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Citigroup began coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating for the company. Finally, Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Pier Capital LLC purchased a new stake in shares of Lindblad Expeditions in the third quarter valued at $6,076,000. Millennium Management LLC boosted its holdings in Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after purchasing an additional 446,294 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Lindblad Expeditions by 108.4% in 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 in the last quarter. UBS Group AG boosted its holdings in Lindblad Expeditions by 57.9% in the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after purchasing an additional 305,704 shares during the period. Finally, Algert Global LLC grew its holdings in shares of Lindblad Expeditions by 82.2% during the third quarter. Algert Global LLC now owns 548,856 shares of the company’s stock valued at $7,025,000 after purchasing an additional 247,684 shares during the last quarter. 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.