Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells $2,470,920.40 in Stock

Key Points

• Director Sven-Olof Lindblad sold 66,872 shares of Lindblad Expeditions at an average price of $36.95, generating $2.47 million. He retained 9.94 million shares worth approximately $367.2 million, a 0.67% reduction in ownership.
• The sale was part of a broader series of insider transactions, with Lindblad selling shares on nine consecutive prior trading dates as well.
• Lindblad Expeditions shares traded near a 52-week high at $37.38, while the company’s latest quarterly results exceeded expectations. Analysts’ consensus rating was “Moderate Buy”, with an average price target of $31.50.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 66,872 shares of the company's stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $36.95, for a total transaction of $2,470,920.40. Following the completion of the transaction, the director directly owned 9,937,202 shares of the company's stock, valued at approximately $367,179,613.90. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, October 28th, Sven-Olof Lindblad sold 68,400 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.26, for a total value of $2,411,784.00.
• On Tuesday, October 27th, Sven-Olof Lindblad sold 94,925 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.52, for a total value of $3,371,736.00.
• 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 transaction of $1,761,407.25.
• On Friday, October 23rd, Sven-Olof Lindblad sold 66,160 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.23, for a total value of $2,264,656.80.
• 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 transaction 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 shares were 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 shares were sold at an average price of $34.29, for a total transaction of $2,863,215.00.
• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.74, for a total transaction of $2,750,886.90.

Lindblad Expeditions Price Performance

Shares of LIND traded up $1.56 during mid-day trading on Thursday, hitting $37.38. The company's stock had a trading volume of 838,066 shares, compared to its average volume of 839,376. The firm has a 50-day moving average price of $31.05 and a 200 day moving average price of $24.20. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -98.37 and a beta of 2.24. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $37.47.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. As a group, equities analysts anticipate that Lindblad Expeditions will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at $122,583,000. Bank of New York Mellon Corp acquired a new position in shares of Lindblad Expeditions in the second quarter worth $19,362,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Lindblad Expeditions by 44.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company's stock worth $22,021,000 after acquiring an additional 393,359 shares in the last quarter. Nicholas Investment Partners LP purchased a new stake in shares of Lindblad Expeditions during the second quarter worth $9,587,000. Finally, Dimensional Fund Advisors LP boosted its position in Lindblad Expeditions by 59.0% during the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company's stock valued at $13,598,000 after purchasing an additional 291,776 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.

Analyst Ratings Changes

LIND has been the topic of a number of recent analyst reports. Zacks Research raised Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Wall Street Zen raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Sunday, September 20th. Weiss Ratings restated a "sell (d-)" rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Jefferies Financial Group upped their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the company a "hold" rating in a research report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 price objective on shares of Lindblad Expeditions in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Lindblad Expeditions currently has a consensus rating of "Moderate Buy" and an average target price of $31.50.

About Lindblad Expeditions

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.

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