Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. Sells 2,000 Shares

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $20.26, for a total value of $40,520.00. Following the sale, the director owned 112,486 shares of the company’s stock, valued at approximately $2,278,966.36. This represents a 1.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Lindblad Expeditions Trading Up 3.5%

Lindblad Expeditions stock opened at $20.57 on Friday. The stock has a market cap of $1.35 billion, a PE ratio of -38.09 and a beta of 2.21. The stock has a 50-day moving average price of $18.61 and a 200 day moving average price of $16.60. Lindblad Expeditions has a 52 week low of $9.85 and a 52 week high of $22.34.

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

Analyst Upgrades and Downgrades

Several analysts have commented on LIND shares. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Benchmark lifted their price target on Lindblad Expeditions from $18.00 to $25.00 and gave the company a “buy” rating in a report on Friday, February 27th. Oppenheimer started 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 investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.33.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently modified their holdings of LIND. State of Alaska Department of Revenue acquired a new position in shares of Lindblad Expeditions in the 3rd quarter valued at about $35,000. Osaic Holdings Inc. lifted its stake in shares of Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Lindblad Expeditions in the 4th quarter valued at about $57,000. Finally, Royal Bank of Canada lifted its stake in shares of Lindblad Expeditions by 127.1% in the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares in the last quarter. 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.