Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler Sells 29,628 Shares

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 29,628 shares of the business’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $15.04, for a total transaction of $445,605.12. Following the sale, the chief executive officer directly owned 23,466 shares in the company, valued at $352,928.64. The trade was a 55.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Benjamin Bressler also recently made the following trade(s):

• 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 transaction of $242,167.46.

Lindblad Expeditions Stock Down 1.7%

Shares of LIND opened at $14.73 on Friday. The business’s 50 day moving average price is $13.04 and its 200-day moving average price is $12.91. Lindblad Expeditions has a 52 week low of $7.45 and a 52 week high of $15.12. The stock has a market cap of $816.04 million, a P/E ratio of -22.32 and a beta of 2.28.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LIND. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. Benchmark started coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating and a $18.00 price target on the stock. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Finally, Citigroup assumed coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions presently has an average rating of “Moderate Buy” and an average price target of $17.33.

Institutional Trading of Lindblad Expeditions

Several hedge funds have recently bought and sold shares of LIND. Pier Capital LLC purchased a new stake in Lindblad Expeditions in the 3rd quarter worth approximately $6,076,000. Millennium Management LLC increased its stake in Lindblad Expeditions by 115.1% in the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after buying an additional 446,294 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Lindblad Expeditions by 108.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock valued at $6,920,000 after acquiring an additional 308,463 shares during the period. GC Wealth Management RIA LLC purchased a new position in shares of Lindblad Expeditions in the second quarter valued at about $3,467,000. Finally, Algert Global LLC boosted its stake in shares of Lindblad Expeditions by 82.2% in the third quarter. Algert Global LLC now owns 548,856 shares of the company’s stock worth $7,025,000 after acquiring an additional 247,684 shares during the period. Institutional investors 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.