Trey Byus Sells 10,000 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) insider Trey Byus sold 10,000 shares of Lindblad Expeditions stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $20.05, for a total value of $200,500.00. Following the transaction, the insider owned 101,530 shares in the company, valued at $2,035,676.50. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Trey Byus also recently made the following trade(s):

• On Monday, May 11th, Trey Byus sold 26,460 shares of Lindblad Expeditions stock. The shares were sold at an average price of $20.23, for a total value of $535,285.80.

Lindblad Expeditions Stock Up 3.5%

Shares of Lindblad Expeditions stock opened at $20.57 on Friday. The stock’s 50-day simple moving average is $18.61 and its 200-day simple moving average is $16.60. Lindblad Expeditions has a 52 week low of $9.85 and a 52 week high of $22.34. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -38.09 and a beta of 2.21.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to analysts’ expectations of $197.24 million. On average, equities analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds have recently made changes to their positions in the company. Graham Capital Management L.P. increased its position in shares of Lindblad Expeditions by 2.4% in the 4th quarter. Graham Capital Management L.P. now owns 24,763 shares of the company’s stock valued at $357,000 after acquiring an additional 590 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Lindblad Expeditions by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock valued at $1,735,000 after acquiring an additional 958 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Lindblad Expeditions by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after acquiring an additional 1,037 shares during the period. Deutsche Bank AG grew its position in shares of Lindblad Expeditions by 4.0% during the 4th quarter. Deutsche Bank AG now owns 29,521 shares of the company’s stock valued at $426,000 after acquiring an additional 1,140 shares during the period. Finally, Aristides Capital LLC grew its position in shares of Lindblad Expeditions by 4.7% during the 4th quarter. Aristides Capital LLC now owns 26,180 shares of the company’s stock valued at $378,000 after acquiring an additional 1,180 shares during the period. 75.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LIND shares. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Benchmark upped their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, February 27th. Oppenheimer initiated coverage on Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lindblad Expeditions presently has an average rating of “Moderate Buy” and a consensus price target of $24.33.

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.