Lindblad Expeditions (NASDAQ:LIND) Director Sells 67,974 Shares of Company Stock

Key Points

• Director Sven-Olof Lindblad sold 67,974 shares at an average price of $35.68, generating approximately $2.43 million; he retained 10.28 million shares after the transaction.
• The sale followed four other stock disposals between October 16 and October 21, totaling roughly $11.83 million, indicating a series of insider sales.
• Lindblad Expeditions shares traded at $35.25, near their 52-week high of $36.97. Analysts hold 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 67,974 shares of the stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $35.68, for a total transaction of $2,425,312.32. Following the completion of the sale, the director owned 10,283,528 shares of the company's stock, valued at approximately $366,916,279.04. The trade was a 0.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 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 value of $2,750,886.90.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock traded down $0.94 during midday trading on Thursday, reaching $35.25. 660,545 shares of the company's stock were exchanged, 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 firm has a market cap of $2.31 billion, a price-to-earnings ratio of -92.76 and a beta of 2.24. The stock's 50-day simple moving average is $30.73 and its 200 day simple moving average is $26.31.

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, topping the consensus estimate of ($0.10) by $0.08. The firm 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%. Research analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LIND. Texas Capital downgraded shares of Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Zacks Research raised Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $30.00 price objective on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Finally, Benchmark lifted their target price on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.50.

Institutional Trading of Lindblad Expeditions

Several institutional investors and hedge funds have recently bought and sold shares of LIND. BlackRock Inc. bought a new stake in Lindblad Expeditions during the second quarter valued at $122,583,000. Pinnacle Associates Ltd. boosted its stake in Lindblad Expeditions by 8.0% in the third quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company's stock worth $27,163,000 after buying an additional 64,185 shares in the last quarter. Principal Financial Group Inc. grew its position in Lindblad Expeditions by 3.2% during the first quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company's stock valued at $26,467,000 after acquiring an additional 46,955 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position 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 valued at $22,021,000 after acquiring an additional 393,359 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Lindblad Expeditions during the second quarter worth approximately $19,362,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

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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