Key Points
- CEO Benjamin Bressler sold 29,628 shares on Jan. 7 at an average price of $15.04 for $445,605, following a Dec. 22 sale of 16,123 shares, leaving him with 23,466 shares and marking a 55.8% drop in his ownership.
- Lindblad beat the prior quarter's estimates with $0.33 EPS vs. $0.22 expected and $240.17M revenue vs. $229.68M expected, though analysts on average forecast a -$0.43 EPS for the current fiscal year.
- The stock is trading near its one-year high (opened at $14.73, one-year high $15.12) with a market cap of about $816M, a negative PE of -22.32, and a consensus analyst rating of "Moderate Buy" with a $17.33 price target.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) CEO Benjamin Bressler sold 29,628 shares of the company's stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $15.04, for a total value of $445,605.12. Following the completion of the transaction, the chief executive officer owned 23,466 shares of the company's stock, valued at $352,928.64. The trade was a 55.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Benjamin Bressler also recently made the following trade(s):
- On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.02, for a total transaction of $242,167.46.
Lindblad Expeditions Stock Performance
LIND stock opened at $14.73 on Friday. The company's fifty day moving average price is $13.04 and its 200-day moving average price is $12.91. Lindblad Expeditions has a one year low of $7.45 and a one year high of $15.12. The company has a market capitalization of $816.04 million, a PE ratio of -22.32 and a beta of 2.28.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The company 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 fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Summit Global Investments raised its stake in shares of Lindblad Expeditions by 3.5% in the second quarter. Summit Global Investments now owns 25,328 shares of the company's stock valued at $296,000 after acquiring an additional 848 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company's stock worth $198,000 after purchasing an additional 1,037 shares during the period. Simon Quick Advisors LLC raised its position in Lindblad Expeditions by 7.1% in the 3rd quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company's stock worth $206,000 after purchasing an additional 1,065 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Lindblad Expeditions by 9.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company's stock valued at $168,000 after buying an additional 1,222 shares during the period. Finally, Osaic Holdings Inc. boosted its position 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 buying an additional 1,322 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
LIND has been the subject of a number of research reports. Wall Street Zen lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a research note on Saturday, October 25th. Citigroup initiated coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a "buy" rating for the company. Benchmark started coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a "buy" rating and a $18.00 price target on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. One research 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $17.33.
Read Our Latest Stock Report on Lindblad Expeditions
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.
Further Reading
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