Key Points
- Director Sven-Olof Lindblad sold 233,505 shares on Feb. 2 at an average price of $17.27 and, across a series of trades from Jan. 20–Feb. 3, sold roughly 972,000 shares for about $16.2 million in total, reducing his stake by 2.09%.
- After the sales he still owns 10,939,274 shares (valued at ~ $188.9 million); Lindblad Expeditions has a market cap of about $996 million, a 12-month high near $18.09, and a consensus analyst rating of "Moderate Buy" with a $19 target despite an expected fiscal-year loss.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 233,505 shares of Lindblad Expeditions stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the sale, the director owned 10,939,274 shares of the company's stock, valued at approximately $188,921,261.98. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Sven-Olof Lindblad also recently made the following trade(s):
- On Tuesday, February 3rd, Sven-Olof Lindblad sold 127,310 shares of Lindblad Expeditions stock. The stock was sold at an average price of $17.38, for a total transaction of $2,212,647.80.
- On Friday, January 30th, Sven-Olof Lindblad sold 78,283 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.66, for a total transaction of $1,304,194.78.
- On Thursday, January 29th, Sven-Olof Lindblad sold 105,356 shares of Lindblad Expeditions stock. The shares were sold at an average price of $16.84, for a total transaction of $1,774,195.04.
- On Tuesday, January 27th, Sven-Olof Lindblad sold 44,002 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.98, for a total value of $703,151.96.
- 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 shares were 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 shares were sold at an average price of $15.67, for a total value of $1,261,748.40.
Lindblad Expeditions Price Performance
Shares of NASDAQ LIND opened at $17.98 on Thursday. The stock has a market capitalization of $996.09 million, a price-to-earnings ratio of -27.24 and a beta of 2.27. The firm's 50 day simple moving average is $14.76 and its 200-day simple moving average is $13.47. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $18.09.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share (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 analyst estimates of $229.68 million. Analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 6th. Stifel Nicolaus upped their price target on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Monday, January 12th. Citigroup assumed coverage on Lindblad Expeditions in a report on Tuesday, December 30th. They issued a "buy" rating on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered Lindblad Expeditions from a "buy" rating to a "hold" rating in a research report on Saturday, October 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Lindblad Expeditions presently has an average rating of "Moderate Buy" and a consensus target price of $19.00.
View Our Latest Analysis on Lindblad Expeditions
Hedge Funds Weigh In On Lindblad Expeditions
A number of hedge funds have recently made changes to their positions in the company. Pier Capital LLC purchased a new position in Lindblad Expeditions in the 3rd quarter worth approximately $6,076,000. Millennium Management LLC increased its holdings in shares of Lindblad Expeditions by 115.1% in the third quarter. Millennium Management LLC now owns 834,162 shares of the company's stock valued at $10,677,000 after purchasing an additional 446,294 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lindblad Expeditions by 108.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 592,985 shares of the company's stock valued at $6,920,000 after purchasing an additional 308,463 shares during the last quarter. UBS Group AG lifted its position in Lindblad Expeditions by 57.9% during the fourth quarter. UBS Group AG now owns 833,372 shares of the company's stock worth $12,017,000 after buying an additional 305,704 shares in the last quarter. Finally, Algert Global LLC boosted its stake in Lindblad Expeditions by 82.2% during the third quarter. Algert Global LLC now owns 548,856 shares of the company's stock worth $7,025,000 after buying an additional 247,684 shares during 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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