Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Insider Sells 26,460 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) insider Trey Byus sold 26,460 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $20.23, for a total transaction of $535,285.80. Following the completion of the transaction, the insider owned 111,530 shares in the company, valued at approximately $2,256,251.90. This trade represents a 19.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Lindblad Expeditions Price Performance

NASDAQ:LIND traded down $0.46 during midday trading on Tuesday, hitting $19.02. The company’s stock had a trading volume of 704,372 shares, compared to its average volume of 760,622. Lindblad Expeditions has a fifty-two week low of $9.85 and a fifty-two week high of $22.34. The firm’s 50 day moving average is $18.45 and its 200-day moving average is $16.23. The firm has a market cap of $1.25 billion, a P/E ratio of -35.22 and a beta of 2.21.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. As a group, analysts forecast that Lindblad Expeditions will post 0.09 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on LIND. Oppenheimer began coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 price objective on the stock. Stifel Nicolaus raised 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, January 12th. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Benchmark raised their price objective 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. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LIND. State of Alaska Department of Revenue purchased a new position in shares of Lindblad Expeditions during the 3rd quarter worth $35,000. Osaic Holdings Inc. increased its position in shares of Lindblad Expeditions by 58.1% during the 2nd 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 last quarter. Tower Research Capital LLC TRC increased its position in shares of Lindblad Expeditions by 222.1% during the 2nd 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 last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth about $57,000. Finally, CWM LLC increased its position in shares of Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after purchasing an additional 3,166 shares during 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.