Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 97,470 Shares of Company Stock

Key Points

• Director Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions at an average $36.23, generating approximately $3.53 million. He still directly owns 10.35 million shares, worth about $375 million.
• The sale was part of a broader series of insider disposals totaling more than 400,000 shares from October 16–22, while the stock traded near its 52-week high of $36.97.
• Lindblad reported quarterly revenue of $199.25 million and a loss of $0.02 per share, beating analyst expectations. Despite mixed ratings, analysts’ average recommendation is “Moderate Buy”, with a $31.50 average price target.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 97,470 shares of the business's stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $36.23, for a total transaction of $3,531,338.10. Following the completion of the transaction, the director directly owned 10,351,502 shares of the company's stock, valued at approximately $375,034,917.46. This represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, October 22nd, Sven-Olof Lindblad sold 67,974 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.68, for a total value of $2,425,312.32.
• 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 stock was sold at an average price of $34.74, for a total transaction of $2,750,886.90.

Lindblad Expeditions Price Performance

LIND traded down $0.94 on Thursday, hitting $35.25. The company had a trading volume of 660,545 shares, compared to its average volume of 840,738. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $36.97. The stock has a fifty day simple moving average of $30.73 and a 200-day simple moving average of $26.31. The firm has a market capitalization of $2.31 billion, a P/E ratio of -92.76 and a beta of 2.24.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LIND. GAMMA Investing LLC raised its stake in Lindblad Expeditions by 35.3% during 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. State of Alaska Department of Revenue increased its holdings in shares of Lindblad Expeditions by 20.5% in 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 during the last quarter. Allworth Financial LP increased its holdings in shares of Lindblad Expeditions by 168.8% in the 2nd quarter. Allworth Financial LP now owns 1,363 shares of the company's stock worth $38,000 after buying an additional 856 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Lindblad Expeditions in the 2nd quarter worth about $25,000. Finally, Quantinno Capital Management LP raised its position in shares of Lindblad Expeditions by 10.0% during the 1st quarter. Quantinno Capital Management LP now owns 18,408 shares of the company's stock valued at $318,000 after buying an additional 1,668 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on LIND. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $30.00 price objective on shares of Lindblad Expeditions in a report on Thursday, September 17th. Wall Street Zen raised Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Sunday, September 20th. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research note on Monday, June 29th. Finally, Benchmark raised their price target on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a "buy" rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lindblad Expeditions currently has an average rating of "Moderate Buy" and an average price target 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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