Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 94,925 Shares of Stock

Key Points

• Director Sven-Olof Lindblad sold 94,925 shares of Lindblad Expeditions at an average price of $35.52, generating approximately $3.37 million. He retained 10,072,474 shares, and the transaction reduced his position by 0.93%.
• The sale was part of a broader series of insider disposals: Lindblad sold shares on nine additional dates from October 16–29, with the reported transactions totaling several million dollars.
• Lindblad Expeditions shares traded near a 52-week high at $37.38, while analyst sentiment remained mixed but averaged a “Moderate Buy” rating with a $31.50 target price.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 94,925 shares of the firm's stock in a transaction on Tuesday, October 27th. The shares were sold at an average price of $35.52, for a total transaction of $3,371,736.00. Following the sale, the director owned 10,072,474 shares in the company, valued at approximately $357,774,276.48. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Thursday, October 29th, Sven-Olof Lindblad sold 66,872 shares of Lindblad Expeditions stock. The shares were sold at an average price of $36.95, for a total value of $2,470,920.40.
• On Wednesday, October 28th, Sven-Olof Lindblad sold 68,400 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.26, for a total value of $2,411,784.00.
• 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 value 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 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 transaction 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 transaction 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

Lindblad Expeditions stock traded up $1.56 during trading hours on Thursday, reaching $37.38. The stock had a trading volume of 838,066 shares, compared to its average volume of 839,376. The stock has a market cap of $2.45 billion, a PE ratio of -98.37 and a beta of 2.24. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $37.47. The company has a fifty day simple moving average of $31.05 and a 200-day simple moving average of $24.20.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. The firm had revenue of $199.25 million during the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. Research analysts predict that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lindblad Expeditions

Several large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Lindblad Expeditions in the second quarter worth $122,583,000. Bank of New York Mellon Corp purchased a new position in Lindblad Expeditions during the 2nd quarter valued at approximately $19,362,000. Arrowstreet Capital Limited Partnership increased its stake in Lindblad Expeditions by 44.7% in the 1st 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 during the last quarter. Nicholas Investment Partners LP purchased a new stake in shares of Lindblad Expeditions during the 2nd quarter worth approximately $9,587,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Lindblad Expeditions by 59.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company's stock valued at $13,598,000 after acquiring an additional 291,776 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LIND has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Stifel Nicolaus set a $37.00 target price on Lindblad Expeditions in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 price target on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Jefferies Financial Group lifted their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the company a "hold" rating in a report on Thursday, October 8th. Finally, Zacks Research raised shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. One 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 given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $31.50.

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.

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