Insider Selling: Lindblad Expeditions (NASDAQ:LIND) CEO Sells $98,749.35 in Stock

Key Points

• Benjamin Bressler, CEO of Lindblad Expeditions, sold 7,567 shares at an average price of $13.05, reducing his ownership by 24.38%.
• Lindblad Expeditions reported earnings of ($0.18) EPS for the quarter, beating analyst expectations of ($0.29), along with revenue of $167.95 million.
• In recent analyst reports, Stifel Nicolaus raised their price target on Lindblad Expeditions from $17.00 to $18.00, while Wall Street Zen downgraded the stock from "buy" to "hold."

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) CEO Benjamin Bressler sold 7,567 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $13.05, for a total value of $98,749.35. Following the completion of the sale, the chief executive officer owned 23,466 shares of the company's stock, valued at $306,231.30. This trade represents a 24.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Benjamin Bressler also recently made the following trade(s):

• On Tuesday, August 5th, Benjamin Bressler sold 167,494 shares of Lindblad Expeditions stock. The shares were sold at an average price of $13.05, for a total transaction of $2,185,796.70.
• On Wednesday, July 23rd, Benjamin Bressler sold 47,325 shares of Lindblad Expeditions stock. The stock was sold at an average price of $13.02, for a total transaction of $616,171.50.

Lindblad Expeditions Price Performance

Shares of Lindblad Expeditions stock traded up $0.03 during trading on Friday, hitting $12.36. The stock had a trading volume of 381,704 shares, compared to its average volume of 335,496. The business has a fifty day moving average of $11.93 and a two-hundred day moving average of $10.90. Lindblad Expeditions has a fifty-two week low of $6.99 and a fifty-two week high of $14.34. The firm has a market cap of $677.20 million, a P/E ratio of -41.20 and a beta of 2.71.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.11. The business had revenue of $167.95 million during the quarter, compared to the consensus estimate of $158.97 million. As a group, research analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Institutional Trading of Lindblad Expeditions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ariel Investments LLC raised its position in shares of Lindblad Expeditions by 6.0% during the first quarter. Ariel Investments LLC now owns 7,777,768 shares of the company's stock worth $72,100,000 after purchasing an additional 441,046 shares during the period. Vanguard Group Inc. lifted its stake in Lindblad Expeditions by 2.5% during the first quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company's stock valued at $21,050,000 after buying an additional 55,003 shares in the last quarter. Anchor Capital Management Company LLC boosted its holdings in shares of Lindblad Expeditions by 7.6% in the first quarter. Anchor Capital Management Company LLC now owns 1,644,903 shares of the company's stock worth $15,248,000 after buying an additional 115,814 shares during the period. Penn Capital Management Company LLC increased its position in shares of Lindblad Expeditions by 110.0% in the first quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock worth $8,766,000 after acquiring an additional 494,709 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Lindblad Expeditions by 2.1% in the second quarter. Geode Capital Management LLC now owns 899,844 shares of the company's stock worth $10,503,000 after acquiring an additional 18,638 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LIND shares. Craig Hallum set a $16.00 price objective on shares of Lindblad Expeditions and gave the stock a "buy" rating in a research note on Friday, May 23rd. Stifel Nicolaus set a $18.00 price objective on shares of Lindblad Expeditions and gave the stock a "buy" rating in a report on Tuesday. Finally, Wall Street Zen lowered shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.