Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 79,185 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 79,185 shares of the firm’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $34.74, for a total transaction of $2,750,886.90. Following the sale, the director owned 10,608,017 shares of the company’s stock, valued at approximately $368,522,510.58. The trade was a 0.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.29, for a total value of $2,863,215.00.

Lindblad Expeditions Stock Performance

NASDAQ LIND traded down $0.23 during trading on Monday, hitting $34.32. 943,320 shares of the company’s stock traded hands, compared to its average volume of 943,956. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of -90.32 and a beta of 2.24. The business has a 50 day moving average of $30.64 and a 200-day moving average of $26.05. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The company had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. On average, analysts expect that Lindblad Expeditions will post 0.22 EPS for the current year.

Institutional Trading of Lindblad Expeditions

A number of institutional investors have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in Lindblad Expeditions in the 2nd quarter worth approximately $25,000. Allworth Financial LP bought a new position in shares of Lindblad Expeditions during the 2nd quarter valued at approximately $38,000. GAMMA Investing LLC increased its stake in shares of Lindblad Expeditions by 35.3% in the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company’s stock worth $39,000 after purchasing an additional 326 shares in the last quarter. Silvant Capital Management LLC bought a new stake in Lindblad Expeditions during the second quarter valued at about $58,000. Finally, Assetmark Inc. raised its stake in Lindblad Expeditions by 77.0% during the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock valued at $94,000 after purchasing an additional 2,373 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Sunday, September 20th. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Jefferies Financial Group raised their target price on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the stock a “hold” rating in a report on Thursday, October 8th. Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Benchmark raised their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc is an expedition travel company that operates small-ship voyages and land-based adventures in environmentally and culturally significant destinations. Its trips emphasize exploration, education and conservation, and are designed to provide travelers with opportunities to observe wildlife, visit remote communities and learn from naturalists, historians and other expert guides.

The company operates under the Lindblad Expeditions and National Geographic Expeditions brands through a strategic relationship with National Geographic.