Lindblad Expeditions (NASDAQ:LIND) Director Michael Elliott Bisnow Sells 44,642 Shares

Lindblad Expeditions (NASDAQ:LIND) Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total value of $1,080,782.82. Following the completion of the transaction, the director owned 25,872 shares of the company’s stock, valued at $626,361.12. The trade was a 63.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Lindblad Expeditions Trading Up 7.5%

Shares of NASDAQ:LIND opened at $25.75 on Friday. Lindblad Expeditions has a 12-month low of $10.55 and a 12-month high of $26.56. The stock’s 50-day moving average price is $20.63 and its 200-day moving average price is $18.06. The stock has a market capitalization of $1.69 billion, a P/E ratio of -47.69 and a beta of 2.26.

Lindblad Expeditions (NASDAQ:LIND) last issued 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 firm had revenue of $208.01 million for the quarter, compared to the consensus estimate of $197.24 million. As a group, research analysts predict that Lindblad Expeditions will post 0.09 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Militia Capital Management LLC purchased a new position in shares of Lindblad Expeditions in the 1st quarter worth $1,643,000. Summitry LLC bought a new position in shares of Lindblad Expeditions during the first quarter valued at approximately $208,000. Bank of America Corp DE increased its position in Lindblad Expeditions by 96.8% during the 1st quarter. Bank of America Corp DE now owns 546,832 shares of the company’s stock valued at $9,460,000 after buying an additional 269,039 shares in the last quarter. Quantinno Capital Management LP increased its stake in Lindblad Expeditions by 10.0% during the 1st quarter. Quantinno Capital Management LP now owns 18,408 shares of the company’s stock valued at $318,000 after purchasing an additional 1,668 shares in the last quarter. Finally, Granahan Investment Management LLC lifted its position in Lindblad Expeditions by 11.5% during the 1st quarter. Granahan Investment Management LLC now owns 385,383 shares of the company’s stock worth $6,667,000 after acquiring an additional 39,809 shares during the period. 75.94% of the stock is currently owned by institutional investors.

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.