Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. Sells 7,768 Shares

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 7,768 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $17.66, for a total transaction of $137,182.88. Following the completion of the transaction, the director directly owned 122,986 shares of the company’s stock, valued at $2,171,932.76. This trade represents a 5.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Lindblad Expeditions Stock Performance

NASDAQ LIND traded down $0.43 during trading on Thursday, reaching $17.23. 57,088 shares of the company traded hands, compared to its average volume of 829,980. The stock’s 50 day moving average price is $17.81 and its two-hundred day moving average price is $14.64. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -27.30 and a beta of 2.20. Lindblad Expeditions has a 1-year low of $7.45 and a 1-year high of $21.23.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.45) earnings per share 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. Equities research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Institutional Trading of Lindblad Expeditions

Large investors have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new stake in shares of Lindblad Expeditions during the third quarter worth $35,000. Osaic Holdings Inc. raised its holdings in shares of Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after buying an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC lifted its position 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 buying an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Lindblad Expeditions during the 4th quarter worth about $57,000. Finally, CWM LLC grew its holdings in Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after acquiring an additional 3,166 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Analysts Set New Price Targets

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

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.