Lindblad Expeditions (NASDAQ:LIND) Insider Trey Byus Sells 10,000 Shares

Lindblad Expeditions (NASDAQ:LIND) insider Trey Byus sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $20.05, for a total value of $200,500.00. Following the completion of the transaction, the insider directly owned 101,530 shares of the company’s stock, valued at approximately $2,035,676.50. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Trey Byus also recently made the following trade(s):

• On Monday, May 11th, Trey Byus sold 26,460 shares of Lindblad Expeditions stock. The shares were sold at an average price of $20.23, for a total value of $535,285.80.

Lindblad Expeditions Stock Up 3.5%

LIND stock opened at $20.57 on Friday. The firm has a market cap of $1.35 billion, a PE ratio of -38.09 and a beta of 2.21. The business has a 50 day moving average of $18.61 and a 200-day moving average of $16.60. Lindblad Expeditions has a 12-month low of $9.85 and a 12-month high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to the consensus estimate of $197.24 million. On average, research analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new stake in shares of Lindblad Expeditions in the third quarter worth $35,000. Osaic Holdings Inc. raised its position 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 worth $41,000 after buying an additional 1,322 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Lindblad Expeditions in the fourth quarter worth $57,000. Royal Bank of Canada raised its position in shares of 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 buying an additional 2,515 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of 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 buying an additional 3,311 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

Analyst Ratings Changes

LIND has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Oppenheimer began 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 raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Benchmark raised their price target on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Four 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’s stock. Based on data from MarketBeat.com, Lindblad Expeditions has an average rating of “Moderate Buy” and an average price target of $24.33.

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.