Lindblad Expeditions (NASDAQ:LIND) Director Sells $4,032,631.35 in Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 233,505 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $17.27, for a total value of $4,032,631.35. Following the transaction, the director directly owned 10,939,274 shares in the company, valued at $188,921,261.98. This trade represents a 2.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, February 3rd, Sven-Olof Lindblad sold 127,310 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.38, for a total transaction of $2,212,647.80.
• On Friday, January 30th, Sven-Olof Lindblad sold 78,283 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.66, for a total transaction of $1,304,194.78.
• On Thursday, January 29th, Sven-Olof Lindblad sold 105,356 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.84, for a total transaction of $1,774,195.04.
• On Tuesday, January 27th, Sven-Olof Lindblad sold 44,002 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.98, for a total transaction of $703,151.96.
• On Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.29, for a total transaction of $1,411,349.31.
• On Monday, January 26th, Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock. The shares were 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 value of $579,941.28.
• On Thursday, January 22nd, Sven-Olof Lindblad sold 62,100 shares of Lindblad Expeditions stock. The shares were 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 stock was 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 value of $1,261,748.40.

Lindblad Expeditions Stock Up 3.0%

Shares of NASDAQ:LIND traded up $0.53 during midday trading on Wednesday, reaching $17.98. The company’s stock had a trading volume of 1,175,753 shares, compared to its average volume of 814,815. The firm has a 50 day moving average of $14.63 and a 200-day moving average of $13.44. The firm has a market capitalization of $996.09 million, a P/E ratio of -27.24 and a beta of 2.27. Lindblad Expeditions has a 12-month low of $7.45 and a 12-month high of $18.09.

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

Institutional Investors Weigh In On Lindblad Expeditions

Several large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in Lindblad Expeditions during the 3rd quarter valued at about $35,000. Osaic Holdings Inc. raised its holdings in shares of Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares during the period. CWM LLC lifted its position in Lindblad Expeditions by 188.1% during the third quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after purchasing an additional 3,166 shares during the period. Finally, AlphaQuest LLC boosted its holdings in Lindblad Expeditions by 167.4% in the second quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock worth $101,000 after purchasing an additional 5,427 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LIND shares. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Stifel Nicolaus raised their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. Zacks Research raised Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Finally, Benchmark reissued a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.00.

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.