Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 49,969 Shares of Company Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $35.25, for a total value of $1,761,407.25. Following the transaction, the director directly owned 10,167,399 shares in the company, valued at approximately $358,400,814.75. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, October 23rd, Sven-Olof Lindblad sold 66,160 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.23, for a total value of $2,264,656.80.
• On Thursday, October 22nd, Sven-Olof Lindblad sold 67,974 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.68, for a total value of $2,425,312.32.
• On Wednesday, October 21st, Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock. The shares were sold at an average price of $36.23, for a total value of $3,531,338.10.
• On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.49, for a total transaction of $2,681,092.05.
• On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.29, for a total transaction of $2,863,215.00.
• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.74, for a total transaction of $2,750,886.90.

Lindblad Expeditions Trading Up 0.7%

LIND stock opened at $35.09 on Wednesday. The company has a fifty day moving average price of $30.98 and a 200 day moving average price of $24.10. Lindblad Expeditions has a 12 month low of $11.37 and a 12 month high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. The business had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Analysts forecast that Lindblad Expeditions will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LIND. BlackRock Inc. purchased a new position in Lindblad Expeditions during the second quarter worth about $122,583,000. Principal Financial Group Inc. boosted its holdings in Lindblad Expeditions by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after purchasing an additional 46,955 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Lindblad Expeditions by 44.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock valued at $22,021,000 after purchasing an additional 393,359 shares in the last quarter. Pinnacle Associates Ltd. boosted its holdings in Lindblad Expeditions by 8.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock valued at $27,163,000 after purchasing an additional 64,185 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Lindblad Expeditions by 59.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after purchasing an additional 291,776 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on LIND. Stifel Nicolaus set a $37.00 target price on shares of Lindblad Expeditions in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $30.00 price target on shares of Lindblad Expeditions in a report on Thursday, September 17th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Sunday, September 20th. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.