John Fahey, Jr. Sells 2,000 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 2,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $20.26, for a total value of $40,520.00. Following the transaction, the director directly owned 112,486 shares of the company’s stock, valued at $2,278,966.36. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Lindblad Expeditions Price Performance

LIND opened at $20.57 on Friday. Lindblad Expeditions has a 12 month low of $9.85 and a 12 month high of $22.34. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -38.09 and a beta of 2.21. The business has a fifty day moving average price of $18.61 and a 200 day moving average price of $16.60.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. On average, research analysts anticipate that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Analysts Set New Price Targets

LIND has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Benchmark upped their price objective on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Oppenheimer initiated coverage on Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LIND. State of Alaska Department of Revenue acquired a new position in shares of Lindblad Expeditions during the 3rd quarter worth about $35,000. Osaic Holdings Inc. boosted its position in shares of Lindblad Expeditions by 58.1% in the 2nd 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% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions in the 4th quarter valued at about $57,000. Finally, Royal Bank of Canada boosted its position in shares of Lindblad Expeditions by 127.1% in the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.

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.