Key Points
- Director Sven‑Olof Lindblad sold a total of 427,544 shares of Lindblad Expeditions between Jan. 20–28 for about $6.87 million in proceeds, yet still holds 11,443,057 shares (approximately $182.9M after the trades).
- Lindblad Expeditions has a market cap near $931.8M and recently beat quarterly EPS ($0.33 vs. $0.22) and revenue estimates, but analysts forecast a fiscal‑year EPS of -0.43 and the stock carries an average "Moderate Buy" rating with a $19 price target.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 44,002 shares of Lindblad Expeditions stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $15.98, for a total transaction of $703,151.96. Following the transaction, the director owned 11,443,057 shares of the company's stock, valued at $182,860,050.86. The trade was a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Sven-Olof Lindblad also recently made the following trade(s):
- On Wednesday, January 28th, Sven-Olof Lindblad sold 86,639 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.29, for a total value of $1,411,349.31.
- 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 value 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 value 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 value of $1,023,408.00.
- On Wednesday, January 21st, Sven-Olof Lindblad sold 75,314 shares of Lindblad Expeditions stock. The stock was sold at an average price of $16.03, for a total value 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 LIND stock opened at $16.82 on Friday. The company has a market capitalization of $931.83 million, a price-to-earnings ratio of -25.48 and a beta of 2.28. Lindblad Expeditions has a one year low of $7.45 and a one year high of $17.19. The company's 50-day moving average is $14.32 and its 200 day moving average is $13.33.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last issued its earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. The firm had revenue of $240.17 million during the quarter, compared to analysts' expectations of $229.68 million. As a group, research analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Lindblad Expeditions by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company's stock valued at $29,853,000 after purchasing an additional 29,642 shares during the last quarter. Anchor Capital Management Company LLC increased its holdings in 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 last quarter. Black Diamond Financial LLC increased its holdings in 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 last quarter. Penn Capital Management Company LLC raised its position 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 acquiring an additional 16,418 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in shares of Lindblad Expeditions by 4.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company's stock worth $12,321,000 after acquiring an additional 41,750 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
LIND has been the subject of a number of research analyst reports. Wall Street Zen lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a report on Saturday, October 25th. Citigroup initiated coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They issued a "buy" rating for the company. Zacks Research raised Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 6th. Stifel Nicolaus raised their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a "buy" rating in a report on Monday, January 12th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd. One research 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 an average price target of $19.00.
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Lindblad Expeditions Company Profile
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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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