Lindblad Expeditions (NASDAQ:LIND) Stock: Insider Sven-Olof Lindblad Sells 68,400 Shares

Key Points

• Director Sven-Olof Lindblad sold 68,400 shares of Lindblad Expeditions at an average price of $35.26, generating $2.41 million. He retained 10.0 million shares, with the sale reducing his ownership by 0.68%.
• The transaction was part of a broader series of insider sales from October 16–29, totaling more than 650,000 shares based on the reported trades.
• Lindblad Expeditions shares traded near a 52-week high at $37.38, while analysts held 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 68,400 shares of the stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $35.26, for a total value of $2,411,784.00. Following the transaction, the director directly owned 10,004,074 shares of the company's stock, valued at approximately $352,743,649.24. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 stock was sold at an average price of $36.95, for a total value of $2,470,920.40.
• On Tuesday, October 27th, Sven-Olof Lindblad sold 94,925 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.52, for a total value of $3,371,736.00.
• 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 stock was sold at an average price of $35.68, for a total transaction 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 value 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 value 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 Stock Performance

Lindblad Expeditions stock traded up $1.56 during midday trading on Thursday, reaching $37.38. 838,066 shares of the company were exchanged, compared to its average volume of 839,376. The firm's 50-day simple moving average is $31.05 and its 200-day simple moving average is $24.20. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $37.47. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of -98.37 and a beta of 2.24.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $30.00 price target on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a report on Tuesday, August 4th. Jefferies Financial Group increased their target price on Lindblad Expeditions from $29.00 to $32.00 and gave the stock a "hold" rating in a research report on Thursday, October 8th. Zacks Research raised Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Finally, Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Sunday, September 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Lindblad Expeditions has a consensus rating of "Moderate Buy" and an average price target of $31.50.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in Lindblad Expeditions in the second quarter valued at $25,000. GAMMA Investing LLC boosted its holdings in Lindblad Expeditions by 35.3% in the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock worth $39,000 after purchasing an additional 326 shares during the period. Allworth Financial LP acquired a new stake in shares of Lindblad Expeditions during the second quarter worth $38,000. Sterling Capital Management LLC boosted its holdings in shares of Lindblad Expeditions by 846.0% in the 3rd quarter. Sterling Capital Management LLC now owns 1,665 shares of the company's stock valued at $52,000 after buying an additional 1,489 shares during the period. Finally, Silvant Capital Management LLC acquired a new position in Lindblad Expeditions in the second quarter valued at approximately $58,000. 75.94% of the stock is 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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