Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells $19,390.00 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 1,000 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $19.39, for a total value of $19,390.00. Following the sale, the director directly owned 117,486 shares in the company, valued at approximately $2,278,053.54. This trade represents a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND opened at $18.67 on Monday. Lindblad Expeditions has a 12-month low of $9.85 and a 12-month high of $22.34. The company has a market cap of $1.22 billion, a PE ratio of -34.57 and a beta of 2.21. The stock has a 50 day simple moving average of $18.45 and a 200-day simple moving average of $16.36.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. Sell-side analysts forecast that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LIND has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Benchmark raised their target price on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Oppenheimer started 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 for the company. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lindblad Expeditions has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Institutional Trading of Lindblad Expeditions

Several institutional investors have recently modified their holdings of LIND. State of Alaska Department of Revenue acquired a new position in Lindblad Expeditions during the third quarter worth about $35,000. Osaic Holdings Inc. raised its position in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after acquiring an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Lindblad Expeditions during the 4th quarter valued at about $57,000. Finally, CWM LLC boosted its position in shares of Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after purchasing an additional 3,166 shares in the last quarter. 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.