John Fahey, Jr. Sells 1,000 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 1,000 shares of Lindblad Expeditions stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $19.39, for a total transaction of $19,390.00. Following the sale, the director directly owned 118,486 shares of the company’s stock, valued at $2,297,443.54. This represents a 0.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Lindblad Expeditions Stock Down 2.4%

LIND stock traded down $0.46 during 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 firm has a market capitalization of $1.25 billion, a P/E ratio of -35.22 and a beta of 2.21. The business has a fifty day simple moving average of $18.45 and a two-hundred day simple moving average of $16.23. Lindblad Expeditions has a 1 year low of $9.85 and a 1 year high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) 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 analysts’ expectations of $197.24 million. On average, equities research analysts predict that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LIND has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock 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 note on Tuesday, April 21st. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Finally, Oppenheimer began coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Institutional Trading of Lindblad Expeditions

Hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Lindblad Expeditions in the 3rd quarter valued at approximately $35,000. Osaic Holdings Inc. grew its stake in shares of Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after buying an additional 1,322 shares during the period. Tower Research Capital LLC TRC boosted its position in Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after buying an additional 3,311 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions in the 4th quarter valued at $57,000. Finally, CWM LLC raised its stake 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 acquiring an additional 3,166 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.