Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 36,066 Shares

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 36,066 shares of the stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $16.08, for a total transaction of $579,941.28. Following the completion of the sale, the director directly owned 11,529,962 shares of the company’s stock, valued at $185,401,788.96. The trade was a 0.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, January 26th, Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.03, for a total value of $687,735.09.
• 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 value 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 value 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 Stock Up 1.1%

Shares of NASDAQ LIND traded up $0.17 during trading on Monday, reaching $16.08. 460,142 shares of the stock were exchanged, compared to its average volume of 627,749. The company has a market capitalization of $890.83 million, a price-to-earnings ratio of -24.36 and a beta of 2.28. The business’s 50-day moving average price is $14.03 and its 200 day moving average price is $13.26. Lindblad Expeditions has a twelve month low of $7.45 and a twelve month high of $17.19.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. The firm had revenue of $240.17 million for the quarter, compared to analysts’ expectations of $229.68 million. As a group, sell-side analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Institutional Trading of Lindblad Expeditions

Several hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. grew its stake in Lindblad Expeditions by 122.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 78,241 shares of the company’s stock worth $1,128,000 after buying an additional 43,093 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in Lindblad Expeditions by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock valued at $1,735,000 after buying an additional 958 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Lindblad Expeditions by 112.4% during the fourth quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock valued at $2,484,000 after acquiring an additional 91,176 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Lindblad Expeditions by 18.6% during the third quarter. JPMorgan Chase & Co. now owns 369,337 shares of the company’s stock valued at $4,728,000 after acquiring an additional 57,974 shares during the period. Finally, Tudor Investment Corp ET AL grew its position in shares of Lindblad Expeditions by 15.5% during the third quarter. Tudor Investment Corp ET AL now owns 302,576 shares of the company’s stock worth $3,873,000 after acquiring an additional 40,628 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LIND. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday. 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 restated a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 6th. Finally, Stifel Nicolaus raised their price objective on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

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.