Lindblad Expeditions (NASDAQ:LIND) Stock: Insider Sven-Olof Lindblad Sells 94,925 Shares

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 94,925 shares of the firm’s stock in a transaction that occurred on Tuesday, October 27th. The shares were sold at an average price of $35.52, for a total value of $3,371,736.00. Following the completion of the sale, the director directly owned 10,072,474 shares of the company’s stock, valued at $357,774,276.48. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, October 29th, Sven-Olof Lindblad sold 66,872 shares of Lindblad Expeditions stock. The stock was sold at an average price of $36.95, for a total value of $2,470,920.40.
• On Wednesday, October 28th, Sven-Olof Lindblad sold 68,400 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.26, for a total transaction of $2,411,784.00.
• On Monday, October 26th, Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.25, for a total transaction of $1,761,407.25.
• On Friday, October 23rd, Sven-Olof Lindblad sold 66,160 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.23, for a total transaction of $2,264,656.80.
• On Thursday, October 22nd, Sven-Olof Lindblad sold 67,974 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.68, for a total value of $2,425,312.32.
• On Wednesday, October 21st, Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock. The shares were sold at an average price of $36.23, for a total value of $3,531,338.10.
• On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.49, for a total value of $2,681,092.05.
• On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.29, for a total transaction of $2,863,215.00.
• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.74, for a total transaction of $2,750,886.90.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND traded up $1.56 during trading on Thursday, reaching $37.38. 838,066 shares of the company were exchanged, compared to its average volume of 839,376. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $37.47. The firm has a market capitalization of $2.45 billion, a PE ratio of -98.37 and a beta of 2.24. The business’s fifty day simple moving average is $31.05 and its 200-day simple moving average is $24.20.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The business had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. On average, sell-side analysts anticipate that Lindblad Expeditions will post 0.22 EPS for the current fiscal year.

Institutional Trading of Lindblad Expeditions

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Lindblad Expeditions in the 2nd quarter valued at about $122,583,000. Pinnacle Associates Ltd. increased its stake in shares of Lindblad Expeditions by 8.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock worth $27,163,000 after acquiring an additional 64,185 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Lindblad Expeditions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after purchasing an additional 46,955 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Lindblad Expeditions by 44.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after purchasing an additional 393,359 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Lindblad Expeditions during the second quarter worth about $19,362,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $30.00 price target on shares of Lindblad Expeditions in a report on Thursday, September 17th. Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a research report on Tuesday, August 4th. Jefferies Financial Group raised their price target on Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, October 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, October 15th. Finally, Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.