Key Points
- Insider sale: Lindblad Expeditions insider Trey Byus sold 26,460 shares on May 11 at an average price of $20.23, totaling about $535,286. After the transaction, he still held 111,530 shares, a 19.18% reduction in ownership.
- Recent performance: The stock was down 2.4% and opened at $19.02, with a market cap of $1.25 billion. It has traded between $9.85 and $22.34 over the past 52 weeks.
- Earnings and analyst outlook: Lindblad Expeditions recently reported quarterly EPS of $0.09, beating estimates, on revenue of $208.01 million. Analysts currently rate the stock a Moderate Buy with a consensus price target of $22.25.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director John Fahey, Jr. sold 1,000 shares of the firm's stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $19.39, for a total value of $19,390.00. Following the transaction, the director owned 118,486 shares in the company, valued at approximately $2,297,443.54. This represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Lindblad Expeditions Trading Down 2.4%
Shares of Lindblad Expeditions stock opened at $19.02 on Wednesday. The firm has a market cap of $1.25 billion, a P/E ratio of -35.22 and a beta of 2.21. Lindblad Expeditions has a 12 month low of $9.85 and a 12 month high of $22.34. The stock's fifty day moving average price is $18.45 and its 200-day moving average price is $16.23.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The firm had revenue of $208.01 million for the quarter, compared to analysts' expectations of $197.24 million. Analysts forecast that Lindblad Expeditions will post 0.09 earnings per share for the current year.
Institutional Trading of Lindblad Expeditions
A number of institutional investors and hedge funds have recently made changes to their positions in LIND. State of Alaska Department of Revenue acquired a new position in Lindblad Expeditions in the 3rd quarter valued at $35,000. Osaic Holdings Inc. raised its stake in Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company's stock valued at $41,000 after purchasing an additional 1,322 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Lindblad Expeditions in the 4th quarter valued at $57,000. Royal Bank of Canada raised its stake in Lindblad Expeditions by 127.1% in the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company's stock valued at $65,000 after purchasing an additional 2,515 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company's stock valued at $56,000 after purchasing an additional 3,311 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have issued reports on LIND shares. Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Saturday. Oppenheimer began coverage on Lindblad Expeditions in a research note on Monday, March 16th. They set an "outperform" rating and a $25.00 price target on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Zacks Research lowered Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 4th. Finally, Benchmark lifted their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.25.
Read Our Latest Report on LIND
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
