Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells $70,140.00 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 3,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $20.04, for a total value of $70,140.00. Following the completion of the transaction, the director owned 119,486 shares of the company’s stock, valued at $2,394,499.44. The trade was a 2.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lindblad Expeditions Price Performance

Shares of NASDAQ LIND opened at $19.36 on Friday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -35.85 and a beta of 2.21. The business has a 50-day moving average of $18.44 and a 200-day moving average of $16.32. Lindblad Expeditions has a fifty-two week low of $9.85 and a fifty-two week high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. On average, sell-side analysts expect that Lindblad Expeditions will post 0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective for the company. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Benchmark lifted their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LIND. State of Alaska Department of Revenue bought a new position in shares of Lindblad Expeditions in the 3rd quarter valued at about $35,000. Osaic Holdings Inc. boosted its holdings in shares of Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the period. Tower Research Capital LLC TRC boosted its holdings 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 buying an additional 3,311 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Lindblad Expeditions during the 4th quarter worth about $57,000. Finally, CWM LLC boosted its holdings in shares of Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after buying an additional 3,166 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.