Benjamin Bressler Sells 7,567 Shares of Lindblad Expeditions (NASDAQ:LIND) 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 company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $13.05, for a total value of $98,749.35. Following the sale, the chief executive officer owned 23,466 shares in the company, valued at $306,231.30. The trade was a 24.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, July 23rd, Benjamin Bressler sold 47,325 shares of Lindblad Expeditions stock. The shares were sold at an average price of $13.02, for a total transaction of $616,171.50.

Lindblad Expeditions Trading Up 10.4%

Shares of LIND traded up $1.28 on Tuesday, reaching $13.63. The company's stock had a trading volume of 1,127,328 shares, compared to its average volume of 293,652. Lindblad Expeditions has a twelve month low of $6.86 and a twelve month high of $14.34. The firm has a fifty day moving average of $11.75 and a 200-day moving average of $10.87.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 predict that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus increased their price target on Lindblad Expeditions from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Tuesday. Wall Street Zen cut shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Craig Hallum set a $16.00 price objective on Lindblad Expeditions and gave the stock a "buy" rating in a research report on Friday, May 23rd.

Institutional Trading of Lindblad Expeditions

A number of large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Lindblad Expeditions by 29.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,762 shares of the company's stock worth $176,000 after acquiring an additional 3,381 shares during the period. JPMorgan Chase & Co. boosted its position in Lindblad Expeditions by 59.4% during the fourth quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company's stock worth $6,099,000 after purchasing an additional 191,546 shares during the period. Two Sigma Advisers LP increased its stake in shares of Lindblad Expeditions by 36.9% in the fourth quarter. Two Sigma Advisers LP now owns 240,600 shares of the company's stock worth $2,854,000 after purchasing an additional 64,800 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Lindblad Expeditions in the fourth quarter valued at approximately $304,000. Finally, Man Group plc bought a new stake in shares of Lindblad Expeditions in the fourth quarter valued at approximately $374,000. 75.94% of the stock is owned by hedge funds and other institutional investors.

About Lindblad Expeditions

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.

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