John Fahey, Jr. Sells 3,500 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $20.04, for a total transaction of $70,140.00. Following the transaction, the director owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. This represents a 2.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lindblad Expeditions Stock Performance

NASDAQ LIND opened at $18.88 on Thursday. The firm’s fifty day moving average price is $18.44 and its two-hundred day moving average price is $16.27. The stock has a market cap of $1.24 billion, a PE ratio of -34.96 and a beta of 2.21. Lindblad Expeditions has a fifty-two week low of $9.85 and a fifty-two week high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share 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 the consensus estimate of $197.24 million. As a group, sell-side analysts predict that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LIND shares. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Oppenheimer started coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 target price on the stock. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Finally, Benchmark boosted their target price on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Lindblad Expeditions has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Institutional Trading of Lindblad Expeditions

Several institutional investors have recently modified their holdings of LIND. Pier Capital LLC bought a new stake in shares of Lindblad Expeditions in the third quarter worth $6,076,000. Millennium Management LLC boosted its position in Lindblad Expeditions by 115.1% during the third quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after acquiring an additional 446,294 shares during the last quarter. UBS Group AG boosted its position in Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock valued at $12,017,000 after acquiring an additional 305,704 shares during the last quarter. Dimensional Fund Advisors LP boosted 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 acquiring an additional 291,776 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Lindblad Expeditions by 76.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 604,437 shares of the company’s stock valued at $8,716,000 after acquiring an additional 262,408 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

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.