Insider Selling: Lindblad Expeditions (NASDAQ:LIND) CEO Sells $1,494,124.24 in Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 87,478 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $17.08, for a total value of $1,494,124.24. Following the sale, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $400,799.28. This represents a 78.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, January 29th, Benjamin Bressler sold 33,338 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.02, for a total transaction of $567,412.76.
• On Thursday, January 15th, Benjamin Bressler sold 7,311 shares of Lindblad Expeditions stock. The stock was sold at an average price of $17.01, for a total transaction of $124,360.11.
• On Wednesday, January 14th, Benjamin Bressler sold 94,259 shares of Lindblad Expeditions stock. The stock was sold at an average price of $17.08, for a total value of $1,609,943.72.
• On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.03, for a total value of $1,043,668.17.
• On Monday, January 12th, Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total transaction of $3,575,966.88.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.04, for a total transaction of $445,605.12.
• 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 Performance

LIND stock opened at $17.98 on Thursday. The company has a market capitalization of $996.09 million, a P/E ratio of -27.24 and a beta of 2.27. The company has a fifty day moving average price of $14.76 and a 200-day moving average price of $13.47. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $18.09.

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 during the quarter, compared to analyst estimates of $229.68 million. As a group, sell-side analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue bought a new position in Lindblad Expeditions during the third quarter worth $35,000. Osaic Holdings Inc. raised its holdings in shares of Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares in the last quarter. CWM LLC grew its stake in shares of Lindblad Expeditions by 188.1% in the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after buying an additional 3,166 shares during the period. Finally, AlphaQuest LLC increased its position in Lindblad Expeditions by 167.4% in the 2nd quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock valued at $101,000 after buying an additional 5,427 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

Analysts Set New Price Targets

LIND has been the subject of a number of analyst reports. Citigroup began coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Benchmark reaffirmed a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. Stifel Nicolaus lifted their target price on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Finally, Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

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.