Lindblad Expeditions (NASDAQ:LIND) Director Sells $2,264,656.80 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 66,160 shares of Lindblad Expeditions stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $34.23, for a total value of $2,264,656.80. Following the completion of the transaction, the director directly owned 10,217,368 shares in the company, valued at approximately $349,740,506.64. This represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, October 26th, Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.25, for a total value of $1,761,407.25.
• 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 stock was 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 value of $2,681,092.05.
• On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.29, for a total value of $2,863,215.00.
• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.74, for a total transaction of $2,750,886.90.

Lindblad Expeditions Stock Performance

Shares of LIND stock traded up $0.24 during mid-day trading on Tuesday, reaching $35.09. The company’s stock had a trading volume of 1,011,823 shares, compared to its average volume of 839,464. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $36.97. The company has a market cap of $2.30 billion, a P/E ratio of -92.34 and a beta of 2.24. The firm’s 50-day moving average is $30.93 and its two-hundred day moving average is $23.99.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The business had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Sell-side analysts anticipate that Lindblad Expeditions will post 0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on LIND. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $30.00 target price on shares of Lindblad Expeditions in a research report on Thursday, September 17th. Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Benchmark increased their price objective on Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. Finally, Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $31.50.

Institutional Investors Weigh In On Lindblad Expeditions

A number of large investors have recently bought and sold shares of LIND. Tectonic Advisors LLC acquired a new position in Lindblad Expeditions in the third quarter worth $925,000. Sterling Capital Management LLC lifted its position in Lindblad Expeditions by 846.0% during the 3rd quarter. Sterling Capital Management LLC now owns 1,665 shares of the company’s stock worth $52,000 after buying an additional 1,489 shares in the last quarter. Pinnacle Associates Ltd. lifted its position in Lindblad Expeditions by 8.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock worth $27,163,000 after buying an additional 64,185 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Lindblad Expeditions by 20.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock worth $103,000 after acquiring an additional 562 shares during the last quarter. Finally, Krilogy Financial LLC grew its holdings in Lindblad Expeditions by 23.3% during the 3rd quarter. Krilogy Financial LLC now owns 9,562 shares of the company’s stock worth $301,000 after acquiring an additional 1,805 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

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.