Insider Selling: Lindblad Expeditions (NASDAQ:LIND) CEO Sells $1,043,668.17 in Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 69,439 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $15.03, for a total transaction of $1,043,668.17. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at approximately $352,693.98. This trade represents a 74.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Benjamin Bressler also recently made the following trade(s):

• On Monday, January 12th, Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.08, for a total transaction of $3,575,966.88.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.04, for a total transaction of $445,605.12.
• On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.02, for a total transaction of $242,167.46.

Lindblad Expeditions Trading Down 1.0%

Shares of NASDAQ LIND opened at $16.79 on Thursday. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $17.19. The firm’s 50-day moving average price is $13.37 and its 200-day moving average price is $13.06. The stock has a market capitalization of $930.17 million, a price-to-earnings ratio of -25.44 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to the consensus estimate of $229.68 million. On average, equities analysts predict that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LIND has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Citigroup started coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LIND. Vanguard Group Inc. boosted its position in Lindblad Expeditions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after buying an additional 29,642 shares during the period. Anchor Capital Management Company LLC raised its stake in shares of Lindblad Expeditions by 7.4% during the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after acquiring an additional 131,203 shares in the last quarter. Black Diamond Financial LLC boosted its holdings in shares of Lindblad Expeditions by 13.6% in the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after purchasing an additional 127,950 shares during the period. Penn Capital Management Company LLC boosted its holdings in shares of Lindblad Expeditions by 1.7% in the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock valued at $12,423,000 after purchasing an additional 16,418 shares during the period. Finally, Pinnacle Associates Ltd. grew its stake in Lindblad Expeditions by 4.5% in the third 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 in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.