Sven-Olof Lindblad Sells 80,520 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) Director Sven-Olof Lindblad sold 80,520 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $15.67, for a total value of $1,261,748.40. Following the sale, the director directly owned 11,703,442 shares of the company’s stock, valued at $183,392,936.14. This represents a 0.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.

Lindblad Expeditions Stock Performance

Shares of LIND stock traded up $0.23 during trading hours on Thursday, hitting $16.41. 839,800 shares of the company were exchanged, compared to its average volume of 798,450. The company has a 50 day simple moving average of $13.78 and a two-hundred day simple moving average of $13.20. The firm has a market cap of $909.11 million, a P/E ratio of -24.86 and a beta of 2.28. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $17.19.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share (EPS) 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. As a group, sell-side analysts expect that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a report on Thursday, January 15th. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Finally, Stifel Nicolaus upped their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Hedge Funds Weigh In On Lindblad Expeditions

Several large investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new stake in shares of Lindblad Expeditions in the third quarter valued at approximately $35,000. Osaic Holdings Inc. raised its holdings in Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after acquiring an additional 3,311 shares in the last quarter. CWM LLC boosted its holdings in shares of Lindblad Expeditions by 188.1% in the third quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after acquiring an additional 3,166 shares during the period. Finally, AlphaQuest LLC grew its position in shares of Lindblad Expeditions by 167.4% in the second quarter. AlphaQuest LLC now owns 8,669 shares of the company’s stock valued at $101,000 after purchasing an additional 5,427 shares in the last quarter. Hedge funds and other institutional investors own 75.94% of the company’s stock.

About Lindblad Expeditions

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.