Lindblad Expeditions (NASDAQ:LIND) Director Sells $983,920.00 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Jr. Thomas Smith sold 56,000 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $17.57, for a total transaction of $983,920.00. Following the sale, the director owned 45,488 shares of the company’s stock, valued at approximately $799,224.16. This represents a 55.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Lindblad Expeditions Stock Down 3.8%

Lindblad Expeditions stock opened at $16.16 on Friday. The firm has a fifty day moving average of $17.89 and a 200-day moving average of $14.66. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $21.23. The firm has a market capitalization of $1.05 billion, a P/E ratio of -25.65 and a beta of 2.20.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The company had revenue of $183.18 million for the quarter, compared to analyst estimates of $167.66 million. On average, research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Institutional Trading of Lindblad Expeditions

Several large investors have recently modified their holdings of the business. State of Alaska Department of Revenue acquired a new position in shares of Lindblad Expeditions in the third quarter worth about $35,000. Osaic Holdings Inc. boosted its holdings in Lindblad Expeditions by 58.1% in the second 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 last quarter. Tower Research Capital LLC TRC grew its stake in Lindblad Expeditions by 222.1% during 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 in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Lindblad Expeditions during the 4th quarter valued at approximately $57,000. Finally, CWM LLC increased its holdings in Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after purchasing an additional 3,166 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Benchmark upped their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Stifel Nicolaus raised their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Citigroup started coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating for the company. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

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.