Lindblad Expeditions (NASDAQ:LIND) Director Sells 49,969 Shares of Company Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 49,969 shares of the stock in a transaction that occurred on Monday, October 26th. The stock was sold at an average price of $35.25, for a total value of $1,761,407.25. Following the completion of the sale, the director owned 10,167,399 shares of the company’s stock, valued at approximately $358,400,814.75. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sven-Olof Lindblad also recently made the following trade(s):

• On Friday, October 23rd, Sven-Olof Lindblad sold 66,160 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.23, for a total value of $2,264,656.80.
• On Thursday, October 22nd, Sven-Olof Lindblad sold 67,974 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.68, for a total value of $2,425,312.32.
• On Wednesday, October 21st, Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock. The shares were sold at an average price of $36.23, for a total transaction of $3,531,338.10.
• On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The shares were sold at an average price of $35.49, for a total transaction of $2,681,092.05.
• On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.29, for a total value of $2,863,215.00.
• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.74, for a total value of $2,750,886.90.

Lindblad Expeditions Stock Performance

Shares of LIND traded up $0.24 during mid-day trading on Tuesday, reaching $35.09. The company had a trading volume of 1,011,823 shares, compared to its average volume of 839,464. The firm has a 50-day moving average price of $30.93 and a 200 day moving average price of $23.99. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -92.34 and a beta of 2.24. Lindblad Expeditions has a 52 week low of $11.37 and a 52 week high of $36.97.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. The business had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. As a group, research analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LIND has been the topic of several recent analyst reports. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Sunday, September 20th. Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, October 15th. Finally, Jefferies Financial Group increased their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lindblad Expeditions has an average rating of “Moderate Buy” and an average target price of $31.50.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Lindblad Expeditions in the second quarter worth approximately $122,583,000. Bank of New York Mellon Corp purchased a new stake in shares of Lindblad Expeditions in the 2nd quarter worth $19,362,000. Arrowstreet Capital Limited Partnership raised its holdings in Lindblad Expeditions by 44.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after purchasing an additional 393,359 shares during the period. Nicholas Investment Partners LP bought a new position in Lindblad Expeditions in the 2nd quarter worth $9,587,000. Finally, Dimensional Fund Advisors LP lifted its position in Lindblad Expeditions by 59.0% during the first quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock valued at $13,598,000 after purchasing an additional 291,776 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.