Lindblad Expeditions (NASDAQ:LIND) Insider Sells $535,285.80 in Stock

Lindblad Expeditions (NASDAQ:LIND) insider Trey Byus sold 26,460 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $20.23, for a total value of $535,285.80. Following the completion of the transaction, the insider directly owned 111,530 shares in the company, valued at $2,256,251.90. The trade was a 19.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lindblad Expeditions Stock Up 2.5%

Lindblad Expeditions stock opened at $19.36 on Friday. The business has a 50-day simple moving average of $18.44 and a two-hundred day simple moving average of $16.32. The company has a market cap of $1.27 billion, a P/E ratio of -35.85 and a beta of 2.21. Lindblad Expeditions has a 52-week low of $9.85 and a 52-week high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results 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 business had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. Research analysts anticipate that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Institutional Trading of Lindblad Expeditions

Several hedge funds and other institutional investors have recently bought and sold shares of LIND. Graham Capital Management L.P. boosted its holdings in shares of Lindblad Expeditions by 2.4% in the 4th quarter. Graham Capital Management L.P. now owns 24,763 shares of the company’s stock valued at $357,000 after buying an additional 590 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Lindblad Expeditions by 0.8% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 valued at $198,000 after purchasing an additional 1,037 shares in the last quarter. Deutsche Bank AG raised its stake in Lindblad Expeditions by 4.0% in the 4th quarter. Deutsche Bank AG now owns 29,521 shares of the company’s stock worth $426,000 after acquiring an additional 1,140 shares during the last quarter. Finally, Aristides Capital LLC raised its stake in shares of Lindblad Expeditions by 4.7% in the fourth quarter. Aristides Capital LLC now owns 26,180 shares of the company’s stock worth $378,000 after purchasing an additional 1,180 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

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

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.