Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 79,185 Shares of Stock

Key Points

• Director Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions at an average price of $34.74, generating approximately $2.75 million. He retained 10.6 million shares valued at about $368.5 million; he also sold 83,500 shares the following Monday.
• LIND shares traded near $34.32, close to their one-year high of $36.97, with a market capitalization of approximately $2.25 billion. The stock’s 50-day and 200-day moving averages were $30.64 and $26.05, respectively.
• The company beat quarterly revenue and EPS expectations, reporting $199.25 million in revenue and a loss of $0.02 per share. Analysts maintained a consensus “Moderate Buy” rating, with an average price target of $31.50.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 79,185 shares of the business's stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $34.74, for a total transaction of $2,750,886.90. Following the sale, the director directly owned 10,608,017 shares of the company's stock, valued at approximately $368,522,510.58. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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.

Lindblad Expeditions Stock Performance

LIND traded down $0.23 during midday trading on Monday, reaching $34.32. 943,320 shares of the company were exchanged, compared to its average volume of 943,956. The stock's 50-day simple moving average is $30.64 and its 200 day simple moving average is $26.05. Lindblad Expeditions has a one year low of $11.37 and a one year high of $36.97. The stock has a market capitalization of $2.25 billion, a P/E ratio of -90.32 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its earnings results on Monday, August 3rd. The company reported ($0.02) EPS 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 firm had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. On average, research analysts anticipate that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LIND. Texas Capital downgraded Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Zacks Research raised shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a report on Friday, October 2nd. Capital One Financial set a $31.00 price objective on shares of Lindblad Expeditions in a report on Monday, June 29th. Jefferies Financial Group lifted their price target on Lindblad Expeditions from $29.00 to $32.00 and gave the stock a "hold" rating in a report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $30.00 target price on shares of Lindblad Expeditions in a research report 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 company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

Institutional Investors Weigh In On Lindblad Expeditions

Several institutional investors and hedge funds have recently made changes to their positions in LIND. State of Alaska Department of Revenue boosted its holdings in shares of 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 buying an additional 562 shares in the last quarter. Krilogy Financial LLC raised its holdings in shares of Lindblad Expeditions by 23.3% in 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. GAMMA Investing LLC lifted its holdings in shares of Lindblad Expeditions by 35.3% in the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock valued at $39,000 after purchasing an additional 326 shares in the last quarter. Tidal Investments LLC purchased a new position in Lindblad Expeditions during the 2nd quarter worth $268,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Lindblad Expeditions during the second quarter worth about $25,000. Institutional investors own 75.94% of the company's stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that operates small-ship voyages and land-based adventures in environmentally and culturally significant destinations. Its trips emphasize exploration, education and conservation, and are designed to provide travelers with opportunities to observe wildlife, visit remote communities and learn from naturalists, historians and other expert guides.

The company operates under the Lindblad Expeditions and National Geographic Expeditions brands through a strategic relationship with National Geographic.

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