Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. Sells 1,000 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 1,000 shares of Lindblad Expeditions stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $19.39, for a total value of $19,390.00. Following the completion of the transaction, the director directly owned 117,486 shares in the company, valued at $2,278,053.54. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lindblad Expeditions Price Performance

Shares of Lindblad Expeditions stock opened at $18.67 on Friday. The business’s 50 day simple moving average is $18.45 and its two-hundred day simple moving average is $16.34. The stock has a market capitalization of $1.22 billion, a P/E ratio of -34.57 and a beta of 2.21. Lindblad Expeditions has a one year low of $9.85 and a one year high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $197.24 million. Sell-side analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in Lindblad Expeditions in the third quarter worth about $35,000. Osaic Holdings Inc. grew its holdings in Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after purchasing an additional 1,322 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Lindblad Expeditions in the fourth quarter worth about $57,000. Royal Bank of Canada grew its holdings in Lindblad Expeditions by 127.1% in the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after purchasing an additional 2,515 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares during the period. Hedge funds and other 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.