Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. Sells 3,500 Shares

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 3,500 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $20.04, for a total transaction of $70,140.00. Following the completion of the sale, the director directly owned 119,486 shares of the company’s stock, valued at $2,394,499.44. The trade was a 2.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND traded down $0.46 during midday trading on Tuesday, hitting $19.02. 704,372 shares of the company’s stock traded hands, compared to its average volume of 760,622. The company has a market cap of $1.25 billion, a PE ratio of -35.22 and a beta of 2.21. The firm’s fifty day moving average price is $18.45 and its two-hundred day moving average price is $16.23. Lindblad Expeditions has a twelve month low of $9.85 and a twelve month high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. As a group, equities research analysts anticipate that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

LIND has been the topic of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price objective on the stock. Zacks Research lowered shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Stifel Nicolaus upped their target price on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, January 12th. Benchmark upped their price target on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Hedge Funds Weigh In On Lindblad Expeditions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Lindblad Expeditions by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock worth $29,853,000 after acquiring an additional 29,642 shares during the period. Anchor Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 7.4% during the 3rd quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock worth $24,462,000 after acquiring an additional 131,203 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Lindblad Expeditions by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock worth $26,467,000 after acquiring an additional 46,955 shares during the period. Black Diamond Financial LLC lifted its holdings in shares of Lindblad Expeditions by 13.6% during the 3rd quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock worth $13,675,000 after acquiring an additional 127,950 shares during the period. Finally, Penn Capital Management Company LLC lifted its holdings in shares of Lindblad Expeditions by 1.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after acquiring an additional 16,418 shares during the period. 75.94% of the stock is owned by institutional investors.

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.