Lindblad Expeditions (NASDAQ:LIND) Director Sells $1,774,195.04 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 105,356 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $16.84, for a total value of $1,774,195.04. Following the completion of the sale, the director owned 11,251,062 shares of the company’s stock, valued at $189,467,884.08. The trade was a 0.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sven-Olof Lindblad also recently made the following trade(s):

• On Friday, January 30th, Sven-Olof Lindblad sold 78,283 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.66, for a total value of $1,304,194.78.
• On Tuesday, January 27th, Sven-Olof Lindblad sold 44,002 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.98, for a total value of $703,151.96.
• On Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.29, for a total value of $1,411,349.31.
• On Monday, January 26th, Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.03, for a total value of $687,735.09.
• On Friday, January 23rd, Sven-Olof Lindblad sold 36,066 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.08, for a total transaction of $579,941.28.
• On Thursday, January 22nd, Sven-Olof Lindblad sold 62,100 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.48, for a total value of $1,023,408.00.
• On Wednesday, January 21st, Sven-Olof Lindblad sold 75,314 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.03, for a total value of $1,207,283.42.
• On Tuesday, January 20th, Sven-Olof Lindblad sold 80,520 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.67, for a total transaction of $1,261,748.40.

Lindblad Expeditions Stock Performance

LIND stock traded up $0.60 during trading on Monday, reaching $17.27. The company had a trading volume of 987,026 shares, compared to its average volume of 789,454. Lindblad Expeditions has a twelve month low of $7.45 and a twelve month high of $17.50. The firm has a 50-day simple moving average of $14.42 and a 200-day simple moving average of $13.37. The company has a market cap of $956.94 million, a price-to-earnings ratio of -26.17 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.11. The firm had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. Sell-side analysts expect that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on LIND shares. Citigroup began coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating on the stock. Benchmark reaffirmed a “buy” rating on shares of Lindblad Expeditions in a report on Thursday, January 15th. Stifel Nicolaus lifted their price objective on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, January 12th. Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Hedge Funds Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its position in shares of Lindblad Expeditions by 44.4% in the first quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after purchasing an additional 4,921 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Lindblad Expeditions by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after buying an additional 1,037 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Lindblad Expeditions during the 2nd quarter worth approximately $330,000. AlphaQuest LLC raised its holdings in shares of Lindblad Expeditions by 167.4% during the second quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock valued at $101,000 after acquiring an additional 5,427 shares during the last quarter. Finally, Simon Quick Advisors LLC lifted its position in shares of Lindblad Expeditions by 44.2% in the second quarter. Simon Quick Advisors LLC now owns 15,467 shares of the company’s stock valued at $180,000 after acquiring an additional 4,743 shares in the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

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.