Benjamin Bressler Sells 167,494 Shares of Lindblad Expeditions (NASDAQ:LIND) 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 company's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $13.05, for a total value of $2,185,796.70. Following the completion of the sale, the chief executive officer owned 23,466 shares in the company, valued at $306,231.30. This trade represents a 87.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 stock was 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 stock was sold at an average price of $13.02, for a total value of $616,171.50.

Lindblad Expeditions Stock Up 0.2%

LIND stock traded up $0.03 during trading on Friday, hitting $12.36. The company had a trading volume of 381,704 shares, compared to its average volume of 323,617. The firm has a 50-day moving average price of $11.89 and a 200-day moving average price of $10.90. Lindblad Expeditions has a 12 month low of $6.99 and a 12 month high of $14.34. The stock has a market cap of $677.20 million, a price-to-earnings ratio of -41.20 and a beta of 2.71.

Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last released its earnings results on Monday, August 4th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.29) by $0.11. The firm had revenue of $167.95 million during the quarter, compared to analyst estimates of $158.97 million. Equities analysts expect that Lindblad Expeditions will post -0.43 EPS for the current year.

Institutional Trading of Lindblad Expeditions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Lindblad Expeditions during the fourth quarter worth approximately $110,000. JPMorgan Chase & Co. grew its holdings in Lindblad Expeditions by 59.4% during the 4th quarter. JPMorgan Chase & Co. now owns 514,214 shares of the company's stock worth $6,099,000 after acquiring an additional 191,546 shares during the period. Norges Bank bought a new stake in shares of Lindblad Expeditions during the 4th quarter valued at $1,165,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Lindblad Expeditions in the 4th quarter valued at $4,610,000. Finally, Wells Fargo & Company MN boosted its position in shares of Lindblad Expeditions by 23.7% in the 4th quarter. Wells Fargo & Company MN now owns 18,854 shares of the company's stock worth $224,000 after purchasing an additional 3,613 shares during the last quarter. 75.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.