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

Lindblad Expeditions (NASDAQ:LIND) Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lindblad Expeditions Stock Performance

Shares of Lindblad Expeditions stock traded up $1.79 on Thursday, hitting $25.75. 1,388,554 shares of the company traded hands, compared to its average volume of 777,240. 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 has a 52 week low of $10.55 and a 52 week high of $26.56. The business has a 50-day simple moving average of $20.46 and a 200 day simple moving average of $17.97.

Lindblad Expeditions (NASDAQ:LIND) last issued 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. Research analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its position in Lindblad Expeditions by 112.4% during the fourth quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock valued at $2,484,000 after purchasing an additional 91,176 shares during the period. Pier Capital LLC purchased a new position in shares of Lindblad Expeditions in the 3rd quarter worth approximately $6,076,000. Pinnacle Associates Ltd. boosted its holdings in shares of Lindblad Expeditions by 4.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock worth $12,321,000 after purchasing an additional 41,750 shares during the period. Anchor Capital Management Company LLC increased its position in shares of Lindblad Expeditions by 7.4% during the 3rd quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after purchasing an additional 131,203 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Lindblad Expeditions by 57.9% during the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock valued at $12,017,000 after purchasing an additional 305,704 shares during the last quarter. Institutional investors own 75.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Benchmark lifted their target price on 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 raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Finally, Oppenheimer assumed coverage on Lindblad Expeditions in a research report on Monday, March 16th. They set an “outperform” rating and a $25.00 target price for the company. Four 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.33.

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.