Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad Sells 75,545 Shares of Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 75,545 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $35.49, for a total transaction of $2,681,092.05. Following the sale, the director directly owned 10,448,972 shares of the company’s stock, valued at approximately $370,834,016.28. The trade was a 0.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, October 22nd, Sven-Olof Lindblad sold 67,974 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.68, for a total value of $2,425,312.32.
• On Wednesday, October 21st, Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock. The stock was sold at an average price of $36.23, for a total value of $3,531,338.10.
• On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.29, for a total value of $2,863,215.00.
• On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.74, for a total value of $2,750,886.90.

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $35.25 on Friday. The stock has a 50-day simple moving average of $30.74 and a two-hundred day simple moving average of $26.43. Lindblad Expeditions has a 52-week low of $11.37 and a 52-week high of $36.97. The firm has a market capitalization of $2.31 billion, a PE ratio of -92.76 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. The business had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. Equities analysts forecast that Lindblad Expeditions will post 0.22 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LIND. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $30.00 price objective on shares of Lindblad Expeditions in a research note on Thursday, September 17th. Texas Capital cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, October 15th. Jefferies Financial Group lifted their price target on shares of Lindblad Expeditions from $29.00 to $32.00 and gave the company a “hold” rating in a report on Thursday, October 8th. Finally, Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Institutional Investors Weigh In On Lindblad Expeditions

Several institutional investors and hedge funds have recently modified their holdings of LIND. BlackRock Inc. purchased a new position in shares of Lindblad Expeditions in the second quarter worth $122,583,000. Pinnacle Associates Ltd. increased its holdings in Lindblad Expeditions by 8.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company’s stock valued at $27,163,000 after acquiring an additional 64,185 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Lindblad Expeditions by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock valued at $26,467,000 after acquiring an additional 46,955 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Lindblad Expeditions by 44.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after purchasing an additional 393,359 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Lindblad Expeditions in the 2nd quarter worth $19,362,000. Institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.

The company’s offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.