Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler Sells 94,259 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 94,259 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $17.08, for a total transaction of $1,609,943.72. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at approximately $400,799.28. This trade represents a 80.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, January 15th, Benjamin Bressler sold 7,311 shares of Lindblad Expeditions stock. The stock was sold at an average price of $17.01, for a total value of $124,360.11.
• On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.03, for a total value of $1,043,668.17.
• On Monday, January 12th, Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.08, for a total transaction of $3,575,966.88.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.04, for a total value of $445,605.12.
• On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.02, for a total value of $242,167.46.

Lindblad Expeditions Stock Performance

LIND opened at $16.23 on Friday. Lindblad Expeditions has a 1 year low of $7.45 and a 1 year high of $17.19. The company’s 50 day simple moving average is $13.55 and its 200 day simple moving average is $13.12. The stock has a market capitalization of $899.14 million, a PE ratio of -24.59 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The firm had revenue of $240.17 million during the quarter, compared to analysts’ expectations of $229.68 million. As a group, sell-side analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Lindblad Expeditions

A number of hedge funds have recently bought and sold shares of LIND. State of Alaska Department of Revenue bought a new position in Lindblad Expeditions during the 3rd quarter worth approximately $35,000. Osaic Holdings Inc. raised its position in shares of Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after acquiring an additional 3,311 shares in the last quarter. CWM LLC lifted its stake in Lindblad Expeditions by 188.1% during the third quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after purchasing an additional 3,166 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Lindblad Expeditions by 579.1% in the third quarter. Federated Hermes Inc. now owns 8,129 shares of the company’s stock worth $104,000 after purchasing an additional 6,932 shares during the period. 75.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LIND. Stifel Nicolaus increased their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Benchmark reiterated a “buy” rating on shares of Lindblad Expeditions in a report on Thursday. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

About Lindblad Expeditions

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.