Insider Selling: Lindblad Expeditions (NASDAQ:LIND) Director Sells 86,639 Shares of Stock

by · The Markets Daily

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) Director Sven-Olof Lindblad sold 86,639 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $16.29, for a total value of $1,411,349.31. Following the completion of the sale, the director owned 11,356,418 shares in the company, valued at $184,996,049.22. This trade represents a 0.76% 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 hyperlink.

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

  • 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 transaction 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 transaction 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 transaction of $1,207,283.42.
  • On Tuesday, January 20th, Sven-Olof Lindblad sold 80,520 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.67, for a total transaction of $1,261,748.40.

Lindblad Expeditions Stock Performance

Shares of NASDAQ LIND traded up $0.58 during mid-day trading on Thursday, hitting $16.82. 961,029 shares of the stock were exchanged, compared to its average volume of 786,749. Lindblad Expeditions has a twelve month low of $7.45 and a twelve month high of $17.19. The stock’s fifty day simple moving average is $14.22 and its two-hundred day simple moving average is $13.31. The company has a market cap of $931.83 million, a P/E ratio of -25.48 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND – Get Free Report) last announced its earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.22 by $0.11. The business had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. As a group, equities research analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on LIND. Benchmark reaffirmed a “buy” rating on shares of Lindblad Expeditions in a report on Thursday, January 15th. Citigroup began coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating for the company. Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Wall Street Zen cut shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.00.

Read Our Latest Report on LIND

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. UBS Group AG grew its holdings in Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company’s stock valued at $12,017,000 after purchasing an additional 305,704 shares during the period. Quent Capital LLC bought a new position in shares of Lindblad Expeditions during the fourth quarter worth $1,709,000. Harbor Capital Advisors Inc. boosted its position in shares of Lindblad Expeditions by 122.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 78,241 shares of the company’s stock worth $1,128,000 after purchasing an additional 43,093 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in shares of Lindblad Expeditions by 0.8% in the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock valued at $1,735,000 after buying an additional 958 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of Lindblad Expeditions by 112.4% in the 4th quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock valued at $2,484,000 after buying an additional 91,176 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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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