Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 44,002 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 44,002 shares of Lindblad Expeditions stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $15.98, for a total value of $703,151.96. Following the transaction, the director directly owned 11,443,057 shares in the company, valued at approximately $182,860,050.86. The trade was a 0.38% 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 Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.29, for a total transaction of $1,411,349.31.
• 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 transaction of $687,735.09.
• On Friday, January 23rd, Sven-Olof Lindblad sold 36,066 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total transaction of $579,941.28.
• 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 transaction 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 value of $1,261,748.40.

Lindblad Expeditions Price Performance

Shares of Lindblad Expeditions stock traded up $0.58 during trading hours on Thursday, hitting $16.82. 961,029 shares of the company’s stock traded hands, compared to its average volume of 786,749. The stock has a market capitalization of $931.83 million, a price-to-earnings ratio of -25.48 and a beta of 2.28. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $17.19. The company has a fifty day simple moving average of $14.22 and a 200-day simple moving average of $13.31.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. On average, analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LIND. AQR Capital Management LLC grew its position in Lindblad Expeditions by 44.4% in the first quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock worth $148,000 after acquiring an additional 4,921 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Lindblad Expeditions by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after purchasing an additional 1,037 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Lindblad Expeditions during the 2nd quarter valued at about $330,000. AlphaQuest LLC raised its holdings in shares of Lindblad Expeditions by 167.4% during 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. Finally, Simon Quick Advisors LLC lifted its position in Lindblad Expeditions by 44.2% in the 2nd quarter. Simon Quick Advisors LLC now owns 15,467 shares of the company’s stock worth $180,000 after buying an additional 4,743 shares during the last quarter. 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.