Lindblad Expeditions (NASDAQ:LIND) Director Sells $2,863,215.00 in Stock

Key Points

• Director Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions at an average price of $34.29, generating $2.86 million. He retains 10.52 million shares, with the sale reducing his ownership by 0.79%.
• Lindblad Expeditions’ stock traded near its 52-week high at $34.32, while the company reported quarterly revenue of $199.25 million and an adjusted loss of $0.02 per share, exceeding analyst expectations.
• Institutional investors own approximately 75.94% of the company, and analysts maintain a “Moderate Buy” consensus with an average price target of $31.50.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 83,500 shares of the stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $34.29, for a total transaction of $2,863,215.00. Following the completion of the sale, the director owned 10,524,517 shares of the company's stock, valued at $360,885,687.93. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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

NASDAQ LIND traded down $0.23 during trading hours on Monday, hitting $34.32. 943,320 shares of the company's stock traded hands, compared to its average volume of 943,956. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $36.97. The company has a market capitalization of $2.25 billion, a PE ratio of -90.32 and a beta of 2.24. The firm's 50-day moving average is $30.64 and its 200-day moving average is $26.05.

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

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in Lindblad Expeditions in the second quarter valued at approximately $122,583,000. Bank of New York Mellon Corp acquired a new stake in Lindblad Expeditions during the second quarter worth $19,362,000. Arrowstreet Capital Limited Partnership increased its stake in 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 during the last quarter. Nicholas Investment Partners LP acquired a new stake in Lindblad Expeditions during the second quarter worth $9,587,000. Finally, Dimensional Fund Advisors LP raised its position in Lindblad Expeditions by 59.0% in 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 period. Institutional investors and hedge funds own 75.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LIND. Benchmark upped their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a "buy" rating in a report on Monday, June 29th. Texas Capital downgraded Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note 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. Stifel Nicolaus set a $37.00 price target on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Sunday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $31.50.

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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