Lindblad Expeditions (NASDAQ:LIND - Get Free Report) CEO Benjamin Bressler sold 69,439 shares of the firm's stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $15.03, for a total value of $1,043,668.17. Following the transaction, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $352,693.98. This represents a 74.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Benjamin Bressler also recently made the following trade(s):
- On Monday, January 12th, Benjamin Bressler sold 222,386 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.08, for a total value of $3,575,966.88.
- On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.04, for a total transaction of $445,605.12.
- On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.02, for a total transaction of $242,167.46.
Lindblad Expeditions Stock Performance
Shares of Lindblad Expeditions stock opened at $16.89 on Tuesday. Lindblad Expeditions has a 52-week low of $7.45 and a 52-week high of $16.99. The company has a fifty day moving average of $13.20 and a 200-day moving average of $13.00. The stock has a market capitalization of $935.71 million, a price-to-earnings ratio of -25.59 and a beta of 2.28.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share 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 the consensus estimate of $229.68 million. On average, equities research analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
LIND has been the topic of a number of analyst reports. Citigroup began coverage on Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a "buy" rating on the stock. Zacks Research upgraded shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 6th. Wall Street Zen lowered shares of Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, October 25th. Stifel Nicolaus increased their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Monday. Finally, Benchmark initiated coverage on shares of Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a "buy" rating and a $18.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Lindblad Expeditions presently has a consensus rating of "Moderate Buy" and an average target price of $19.00.
Read Our Latest Analysis on Lindblad Expeditions
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Lindblad Expeditions by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company's stock worth $29,853,000 after purchasing an additional 29,642 shares in the last quarter. Anchor Capital Management Company LLC increased its position in shares of Lindblad Expeditions by 7.4% during the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company's stock valued at $24,462,000 after buying an additional 131,203 shares during the period. Black Diamond Financial LLC increased its position in shares of Lindblad Expeditions by 13.6% during the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company's stock valued at $13,675,000 after buying an additional 127,950 shares during the period. Penn Capital Management Company LLC raised its stake in Lindblad Expeditions by 1.7% in the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company's stock worth $12,423,000 after buying an additional 16,418 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in Lindblad Expeditions by 4.5% in the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company's stock worth $12,321,000 after buying an additional 41,750 shares during the period. 75.94% of the stock is owned by hedge funds and other institutional investors.
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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