Key Points
- Director John Fahey, Jr. sold 1,000 shares of Lindblad Expeditions on May 14 at $19.39 apiece, reducing his holdings by 0.84% to 117,486 shares.
- Lindblad Expeditions beat earnings and revenue expectations in its latest quarterly report, posting EPS of $0.09 versus $0.01 expected and revenue of $208.01 million versus $197.24 million expected.
- Analyst sentiment is mixed but generally positive, with a Moderate Buy consensus and an average target price of $22.25, while the stock recently traded at $18.67.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director John Fahey, Jr. sold 1,000 shares of Lindblad Expeditions stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $19.39, for a total value of $19,390.00. Following the completion of the transaction, the director directly owned 117,486 shares of the company's stock, valued at approximately $2,278,053.54. This represents a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Lindblad Expeditions Price Performance
LIND opened at $18.67 on Friday. The stock has a 50-day moving average price of $18.45 and a 200-day moving average price of $16.34. The firm has a market cap of $1.22 billion, a PE ratio of -34.57 and a beta of 2.21. Lindblad Expeditions has a 1 year low of $9.85 and a 1 year high of $22.34.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. The company had revenue of $208.01 million during the quarter, compared to analysts' expectations of $197.24 million. As a group, sell-side analysts anticipate that Lindblad Expeditions will post 0.09 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue purchased a new position in shares of Lindblad Expeditions during the third quarter valued at approximately $35,000. Osaic Holdings Inc. raised its holdings in shares of Lindblad Expeditions by 58.1% during the second 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. Tower Research Capital LLC TRC raised its holdings in shares of Lindblad Expeditions by 222.1% during the second 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. Kemnay Advisory Services Inc. purchased a new position in shares of Lindblad Expeditions during the fourth quarter valued at approximately $57,000. Finally, CWM LLC raised its holdings in shares of Lindblad Expeditions by 188.1% during the third 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 last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have commented on LIND shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Benchmark increased their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Wall Street Zen upgraded Lindblad Expeditions from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Zacks Research downgraded Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 4th. Finally, Oppenheimer started coverage on Lindblad Expeditions in a research note on Monday, March 16th. They set an "outperform" rating and a $25.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.25.
Get Our Latest Stock Analysis 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.
Further Reading
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].
