Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 127,310 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 127,310 shares of Lindblad Expeditions stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $17.38, for a total value of $2,212,647.80. Following the sale, the director directly owned 10,811,964 shares in the company, valued at approximately $187,911,934.32. The trade was a 1.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Monday, February 2nd, Sven-Olof Lindblad sold 233,505 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.27, for a total value of $4,032,631.35.
• On Friday, January 30th, Sven-Olof Lindblad sold 78,283 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.66, for a total value of $1,304,194.78.
• On Thursday, January 29th, Sven-Olof Lindblad sold 105,356 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.84, for a total value of $1,774,195.04.
• On Tuesday, January 27th, Sven-Olof Lindblad sold 44,002 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.98, for a total value of $703,151.96.
• On Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The stock was 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 stock was sold at an average price of $16.03, for a total transaction of $687,735.09.
• On Friday, January 23rd, Sven-Olof Lindblad sold 36,066 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total transaction 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 transaction 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 transaction 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 transaction of $1,261,748.40.

Lindblad Expeditions Price Performance

NASDAQ:LIND traded up $0.53 during mid-day trading on Wednesday, reaching $17.98. The stock had a trading volume of 1,175,753 shares, compared to its average volume of 814,815. The company has a market capitalization of $996.09 million, a price-to-earnings ratio of -27.24 and a beta of 2.27. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $18.09. The stock’s 50 day simple moving average is $14.63 and its two-hundred day simple moving average is $13.44.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup began coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, January 22nd. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus increased their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Finally, Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in Lindblad Expeditions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after acquiring an additional 29,642 shares during the period. Anchor Capital Management Company LLC grew its stake in shares of Lindblad Expeditions by 7.4% in the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after purchasing an additional 131,203 shares in the last quarter. Black Diamond Financial LLC increased its holdings in shares of Lindblad Expeditions by 13.6% during the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after purchasing an additional 127,950 shares during the period. Penn Capital Management Company LLC increased its holdings in shares of Lindblad Expeditions by 1.7% during the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock valued at $12,423,000 after purchasing an additional 16,418 shares during the period. Finally, Pinnacle Associates Ltd. raised its stake in shares of Lindblad Expeditions by 4.5% during the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after purchasing an additional 41,750 shares in the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.