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

by · The Cerbat Gem

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) insider Trey Byus sold 26,460 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $20.23, for a total value of $535,285.80. Following the transaction, the insider directly owned 111,530 shares of the company’s stock, valued at approximately $2,256,251.90. The trade was a 19.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $19.02 on Wednesday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -35.22 and a beta of 2.21. The stock has a 50 day simple moving average of $18.45 and a 200-day simple moving average of $16.23. Lindblad Expeditions has a 1-year low of $9.85 and a 1-year high of $22.34.

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last announced its 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 for the quarter, compared to analyst estimates of $197.24 million. Analysts anticipate that Lindblad Expeditions will post 0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Benchmark upped their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Oppenheimer began coverage on Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 target price for the company. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Get Our Latest Stock Analysis on Lindblad Expeditions

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in Lindblad Expeditions in the 3rd quarter valued at $35,000. Osaic Holdings Inc. grew its holdings in Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after buying an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after buying an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Lindblad Expeditions in the 4th quarter valued at $57,000. Finally, CWM LLC grew its holdings in Lindblad Expeditions by 188.1% in the 3rd quarter. CWM LLC now owns 4,849 shares of the company’s stock valued at $62,000 after buying an additional 3,166 shares in the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

About Lindblad Expeditions

(Get Free Report)

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.

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