Key Points
- CEO Benjamin Bressler sold large blocks of Lindblad stock across multiple trades (including 94,259 shares on Jan. 14 at $17.08), raising roughly $7.04 million in proceeds and cutting his ownership by about 80.07% to 23,466 shares.
- Lindblad shares were trading down ~2.7% at about $16.23, the company recently beat quarterly EPS and revenue estimates, and analysts hold a consensus "Moderate Buy" with an average target near $19 (mix of buy upgrades and one sell rating).
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) CEO Benjamin Bressler sold 7,311 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $17.01, for a total transaction of $124,360.11. Following the completion of the sale, the chief executive officer owned 23,466 shares of the company's stock, valued at approximately $399,156.66. The trade was a 23.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Benjamin Bressler also recently made the following trade(s):
- On Wednesday, January 14th, Benjamin Bressler sold 94,259 shares of Lindblad Expeditions stock. The shares were sold at an average price of $17.08, for a total transaction of $1,609,943.72.
- On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.03, for a total transaction of $1,043,668.17.
- 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 shares were sold at an average price of $15.04, for a total value of $445,605.12.
- 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 value of $242,167.46.
Lindblad Expeditions Price Performance
Shares of LIND stock opened at $16.23 on Friday. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $17.19. The stock's 50-day moving average is $13.55 and its two-hundred day moving average is $13.12. The firm has a market cap of $899.14 million, a P/E ratio of -24.59 and a beta of 2.28.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. The firm had revenue of $240.17 million during the quarter, compared to the consensus estimate of $229.68 million. As a group, research analysts expect that Lindblad Expeditions will post -0.43 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Stifel Nicolaus increased their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Monday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Zacks Research upgraded Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 6th. Citigroup started coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a "buy" rating for the company. Finally, Benchmark reiterated a "buy" rating on shares of Lindblad Expeditions in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.00.
Get Our Latest Stock Report on Lindblad Expeditions
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in Lindblad Expeditions during the third quarter valued at about $35,000. Osaic Holdings Inc. increased its stake in shares of Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company's stock worth $41,000 after purchasing 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 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company's stock worth $56,000 after purchasing an additional 3,311 shares during the last quarter. CWM LLC boosted its stake in Lindblad Expeditions by 188.1% during the 3rd quarter. CWM LLC now owns 4,849 shares of the company's stock valued at $62,000 after purchasing an additional 3,166 shares during the period. Finally, Federated Hermes Inc. grew its holdings in Lindblad Expeditions by 579.1% in the 3rd quarter. Federated Hermes Inc. now owns 8,129 shares of the company's stock valued at $104,000 after buying an additional 6,932 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.
Lindblad Expeditions Company Profile
(
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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