Lindblad Expeditions (NASDAQ:LIND) Director Sells $137,182.88 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 7,768 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total transaction of $137,182.88. Following the completion of the sale, the director owned 122,986 shares in the company, valued at approximately $2,171,932.76. This trade represents a 5.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Lindblad Expeditions Stock Performance

LIND stock opened at $16.16 on Friday. The firm has a 50 day moving average price of $17.89 and a 200-day moving average price 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 price-to-earnings ratio of -25.65 and a beta of 2.20.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $167.66 million. As a group, sell-side analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of Lindblad Expeditions by 44.4% in the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock worth $148,000 after buying an additional 4,921 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Lindblad Expeditions by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after acquiring an additional 1,037 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in Lindblad Expeditions during the second quarter valued at $512,000. RWA Wealth Partners LLC purchased a new stake in Lindblad Expeditions during the second quarter valued at $438,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Lindblad Expeditions by 8.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 578,809 shares of the company’s stock valued at $6,755,000 after acquiring an additional 46,284 shares during the period. 75.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LIND shares. Citigroup started coverage on Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Benchmark increased their price objective on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, Stifel Nicolaus raised 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. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Lindblad Expeditions has an average rating of “Moderate Buy” and an average target price of $21.33.

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.