Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler Sells 200,700 Shares

Key Points

• Benjamin Bressler, CEO of Lindblad Expeditions, sold 200,700 shares at an average price of $14.19, significantly reducing his ownership by 89.53% to 23,466 shares.
• The company's stock recently traded at $14.94, showing a strong performance with a 52-week high of $15.06 and a low of $7.45.
• Despite the CEO's large sell-off, Lindblad Expeditions reported better-than-expected earnings, with a revenue of $167.95 million for the quarter, surpassing analyst estimates.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) CEO Benjamin Bressler sold 200,700 shares of Lindblad Expeditions stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $14.19, for a total transaction of $2,847,933.00. Following the transaction, the chief executive officer directly owned 23,466 shares of the company's stock, valued at $332,982.54. The trade was a 89.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Benjamin Bressler also recently made the following trade(s):

• On Monday, August 25th, Benjamin Bressler sold 24,564 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.02, for a total transaction of $368,951.28.
• On Tuesday, August 19th, Benjamin Bressler sold 809 shares of Lindblad Expeditions stock. The stock was sold at an average price of $14.00, for a total transaction of $11,326.00.
• On Wednesday, August 20th, Benjamin Bressler sold 20,877 shares of Lindblad Expeditions stock. The shares were sold at an average price of $14.03, for a total transaction of $292,904.31.
• On Tuesday, August 5th, Benjamin Bressler sold 167,494 shares of Lindblad Expeditions stock. The shares were sold at an average price of $13.05, for a total value of $2,185,796.70.
• On Monday, August 4th, Benjamin Bressler sold 7,567 shares of Lindblad Expeditions stock. The shares were sold at an average price of $13.05, for a total value of $98,749.35.
• On Wednesday, July 23rd, Benjamin Bressler sold 47,325 shares of Lindblad Expeditions stock. The stock was sold at an average price of $13.02, for a total transaction of $616,171.50.

Lindblad Expeditions Price Performance

Lindblad Expeditions stock traded down $0.19 during trading hours on Thursday, reaching $14.81. The stock had a trading volume of 135,689 shares, compared to its average volume of 329,962. The company has a market cap of $811.43 million, a price-to-earnings ratio of -49.37 and a beta of 2.71. The business's 50 day moving average price is $12.70 and its 200-day moving average price is $11.05. Lindblad Expeditions has a 52 week low of $7.45 and a 52 week high of $15.06.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.18) EPS for the quarter, topping analysts' consensus estimates of ($0.29) by $0.11. The firm had revenue of $167.95 million during the quarter, compared to the consensus estimate of $158.97 million. Lindblad Expeditions has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LIND has been the topic of a number of recent research reports. Stifel Nicolaus set a $18.00 target price on Lindblad Expeditions and gave the company a "buy" rating in a research report on Tuesday, August 5th. Craig Hallum set a $16.00 target price on Lindblad Expeditions and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, Wall Street Zen lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $17.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ariel Investments LLC lifted its holdings in Lindblad Expeditions by 6.0% in the 1st quarter. Ariel Investments LLC now owns 7,777,768 shares of the company's stock valued at $72,100,000 after purchasing an additional 441,046 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Lindblad Expeditions by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 2,270,726 shares of the company's stock valued at $21,050,000 after purchasing an additional 55,003 shares in the last quarter. Anchor Capital Management Company LLC lifted its holdings in Lindblad Expeditions by 8.2% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,779,903 shares of the company's stock valued at $20,771,000 after purchasing an additional 135,000 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings in Lindblad Expeditions by 110.0% in the 1st quarter. Penn Capital Management Company LLC now owns 944,505 shares of the company's stock valued at $8,766,000 after purchasing an additional 494,709 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Lindblad Expeditions by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 899,844 shares of the company's stock valued at $10,503,000 after purchasing an additional 18,638 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company's stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.