Lindblad Expeditions (NASDAQ:LIND) Director Jr. Thomas Smith Sells 56,000 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director Jr. Thomas Smith sold 56,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $17.57, for a total value of $983,920.00. Following the sale, the director directly owned 45,488 shares in the company, valued at $799,224.16. This represents a 55.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Lindblad Expeditions Trading Down 2.6%

NASDAQ LIND traded down $0.46 during midday trading on Thursday, hitting $17.19. The company had a trading volume of 45,968 shares, compared to its average volume of 829,979. The company has a market capitalization of $1.12 billion, a PE ratio of -27.09 and a beta of 2.20. The firm has a 50-day moving average price of $17.81 and a 200-day moving average price of $14.64. Lindblad Expeditions has a twelve month low of $7.45 and a twelve month high of $21.23.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The firm had revenue of $183.18 million during the quarter, compared to the consensus estimate of $167.66 million. On average, equities analysts anticipate that Lindblad Expeditions will post -0.43 EPS for the current year.

Wall Street Analysts Forecast Growth

LIND has been the subject of a number of recent analyst reports. Citigroup initiated coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They set a “buy” rating for the company. Stifel Nicolaus boosted their price objective on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Benchmark upped their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.33.

Institutional Trading of Lindblad Expeditions

A number of hedge funds have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Lindblad Expeditions in the third quarter valued at approximately $35,000. Osaic Holdings Inc. boosted its position in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after buying an additional 1,322 shares during the period. Tower Research Capital LLC TRC grew its holdings in Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after acquiring an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Lindblad Expeditions in the 4th quarter valued at approximately $57,000. Finally, CWM LLC increased its position in Lindblad Expeditions by 188.1% in the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after acquiring an additional 3,166 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.

Lindblad Expeditions Company Profile

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.