Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler Sells 33,338 Shares

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 33,338 shares of the stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $17.02, for a total value of $567,412.76. Following the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at $399,391.32. The trade was a 58.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Benjamin Bressler also recently made the following trade(s):

• On Thursday, January 15th, Benjamin Bressler sold 7,311 shares of Lindblad Expeditions stock. The stock was sold at an average price of $17.01, for a total value of $124,360.11.
• On Wednesday, January 14th, Benjamin Bressler sold 94,259 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.08, for a total value of $1,609,943.72.
• On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.03, for a total value of $1,043,668.17.
• On Monday, January 12th, Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total value of $3,575,966.88.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.04, for a total transaction of $445,605.12.
• On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.02, for a total transaction of $242,167.46.

Lindblad Expeditions Trading Down 0.9%

Shares of NASDAQ LIND opened at $16.67 on Friday. The firm has a 50 day moving average of $14.42 and a 200 day moving average of $13.36. The firm has a market capitalization of $923.52 million, a price-to-earnings ratio of -25.26 and a beta of 2.28. Lindblad Expeditions has a 12-month low of $7.45 and a 12-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 for the quarter, topping the consensus estimate of $0.22 by $0.11. The business had revenue of $240.17 million during the quarter, compared to the consensus estimate of $229.68 million. Sell-side analysts predict that Lindblad Expeditions will post -0.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LIND. Wall Street Zen lowered Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Benchmark reiterated a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. Citigroup initiated coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating on the stock. Finally, Stifel Nicolaus lifted their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company 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 an average rating of “Moderate Buy” and a consensus price target of $19.00.

Institutional Trading of Lindblad Expeditions

Institutional investors have recently made changes to their positions in the business. Pier Capital LLC bought a new position in Lindblad Expeditions in the 3rd quarter worth approximately $6,076,000. Millennium Management LLC lifted its holdings in shares of Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock worth $10,677,000 after buying an additional 446,294 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Lindblad Expeditions by 108.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company’s stock worth $6,920,000 after acquiring an additional 308,463 shares during the last quarter. UBS Group AG boosted its position in shares of Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after acquiring an additional 305,704 shares during the last quarter. Finally, Algert Global LLC grew its stake in Lindblad Expeditions by 82.2% during the third quarter. Algert Global LLC now owns 548,856 shares of the company’s stock valued at $7,025,000 after acquiring an additional 247,684 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.