Lindblad Expeditions (NASDAQ:LIND) Stock: Insider Sven-Olof Lindblad Sells 75,545 Shares

Key Points

• Director Sven-Olof Lindblad sold 75,545 shares at an average price of $35.49, worth approximately $2.68 million, reducing his direct stake by 0.72% to 10.45 million shares. He also reported four other sales from October 16–22, totaling roughly $11.57 million.
• Lindblad Expeditions shares fell 2.6% to $35.25, though the stock remains near its 12-month high of $36.97. The company recently beat quarterly earnings and revenue expectations but continues to report negative margins.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and an average price target of $31.50; institutional investors own approximately 75.94% of the stock.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $35.49, for a total value of $2,681,092.05. Following the sale, the director directly owned 10,448,972 shares of the company's stock, valued at $370,834,016.28. This represents a 0.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 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 value 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 value of $2,750,886.90.

Lindblad Expeditions Trading Down 2.6%

Shares of LIND traded down $0.94 during trading hours on Thursday, reaching $35.25. 660,545 shares of the company's stock traded hands, compared to its average volume of 840,738. Lindblad Expeditions has a 12 month low of $11.37 and a 12 month high of $36.97. The stock has a market cap of $2.31 billion, a PE ratio of -92.76 and a beta of 2.24. The firm'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 company had revenue of $199.25 million for the quarter, compared to analysts' expectations of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. As a group, analysts expect that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LIND has been the subject of several recent research reports. Stifel Nicolaus set a $37.00 price target on shares of Lindblad Expeditions in a research note on Tuesday, August 4th. Texas Capital cut Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a 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. Finally, Zacks Research raised Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 2nd. One 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 company. Based on data from MarketBeat, Lindblad Expeditions currently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

Institutional Trading of Lindblad Expeditions

Several large investors have recently modified their holdings of LIND. Integrated Wealth Concepts LLC bought a new stake in shares of Lindblad Expeditions in the second quarter worth about $25,000. Allworth Financial LP bought a new position in Lindblad Expeditions during the 2nd quarter valued at approximately $38,000. GAMMA Investing LLC raised its position in Lindblad Expeditions by 35.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock valued at $39,000 after purchasing an additional 326 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in Lindblad Expeditions in the 2nd quarter worth approximately $58,000. Finally, Assetmark Inc. lifted its holdings in Lindblad Expeditions by 77.0% in the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company's stock worth $94,000 after buying an additional 2,373 shares during the period. 75.94% of the stock is owned by 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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