Insider Selling: Lindblad Expeditions (NASDAQ:LIND) CEO Sells 167,494 Shares of Stock

Key Points

• Lindblad Expeditions CEO Benjamin Bressler sold 167,494 shares of the company for approximately $2.19 million, resulting in an 87.71% decrease in his ownership.
• The company's stock traded down to $13.05 following the CEO's sale, reflecting a broader market performance with a price-to-earnings ratio of -43.50.
• Recent earnings showed a revenue of $167.95 million, exceeding analyst expectations, with a forecasted earnings per share of -0.43 for the current fiscal year.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) CEO Benjamin Bressler sold 167,494 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $13.05, for a total transaction of $2,185,796.70. Following the transaction, the chief executive officer owned 23,466 shares of the company's stock, valued at approximately $306,231.30. The trade was a 87.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 transaction of $98,749.35.
• On Wednesday, July 23rd, Benjamin Bressler sold 47,325 shares of Lindblad Expeditions stock. The shares were sold at an average price of $13.02, for a total transaction of $616,171.50.

Lindblad Expeditions Stock Performance

Shares of LIND traded up $0.03 during trading hours on Friday, hitting $12.36. The company had a trading volume of 381,704 shares, compared to its average volume of 335,496. The firm has a fifty day moving average price of $11.93 and a 200-day moving average price of $10.90. The stock has a market capitalization of $677.20 million, a price-to-earnings ratio of -41.20 and a beta of 2.71. Lindblad Expeditions has a 52-week low of $6.99 and a 52-week high of $14.34.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.29) by $0.11. The business had revenue of $167.95 million during the quarter, compared to the consensus estimate of $158.97 million. Research analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lindblad Expeditions

Large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Lindblad Expeditions by 29.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,762 shares of the company's stock valued at $176,000 after purchasing an additional 3,381 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Lindblad Expeditions by 59.4% during the 4th quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company's stock valued at $6,099,000 after purchasing an additional 191,546 shares during the period. Two Sigma Advisers LP lifted its position in shares of Lindblad Expeditions by 36.9% during the 4th quarter. Two Sigma Advisers LP now owns 240,600 shares of the company's stock valued at $2,854,000 after buying an additional 64,800 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Lindblad Expeditions during the 4th quarter valued at about $304,000. Finally, Man Group plc purchased a new position in shares of Lindblad Expeditions during the 4th quarter valued at about $374,000. 75.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LIND. Craig Hallum set a $16.00 price objective on shares of Lindblad Expeditions and gave the company a "buy" rating in a research note on Friday, May 23rd. Stifel Nicolaus set a $18.00 price target on shares of Lindblad Expeditions and gave the stock a "buy" rating in a report on Tuesday, August 5th. Finally, Wall Street Zen downgraded shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd.

About Lindblad Expeditions

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.