Key Points
- Director Sven-Olof Lindblad sold 79,185 shares at an average price of $34.74, generating approximately $2.75 million; he retained 10.6 million shares.
- Lindblad Expeditions shares opened at $34.32, near their 52-week high of $36.97, with a market capitalization of approximately $2.25 billion.
- The company exceeded quarterly earnings and revenue expectations, while analysts maintain a consensus “Moderate Buy” rating with a $31.50 price target.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 79,185 shares of the company's stock in a transaction on Friday, October 16th. The shares were sold at an average price of $34.74, for a total transaction of $2,750,886.90. Following the completion of the sale, the director directly owned 10,608,017 shares in the company, valued at $368,522,510.58. This trade represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Sven-Olof Lindblad also recently made the following trade(s):
- On Monday, October 19th, Sven-Olof Lindblad sold 83,500 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.29, for a total transaction of $2,863,215.00.
Lindblad Expeditions Price Performance
Shares of Lindblad Expeditions stock opened at $34.32 on Tuesday. The stock has a market cap of $2.25 billion, a PE ratio of -90.32 and a beta of 2.24. The firm has a fifty day moving average price of $30.64 and a 200 day moving average price of $26.05. Lindblad Expeditions has a 1 year low of $11.37 and a 1 year high of $36.97.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.08. The company had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. As a group, equities analysts expect that Lindblad Expeditions will post 0.22 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have issued reports on LIND. Zacks Research upgraded Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research note on Monday, June 29th. Benchmark increased their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, June 29th. Wall Street Zen raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Sunday, September 20th. Finally, Stifel Nicolaus set a $37.00 price target on shares of Lindblad Expeditions in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.50.
Get Our Latest Research Report on Lindblad Expeditions
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its stake in Lindblad Expeditions by 20.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company's stock worth $103,000 after buying an additional 562 shares in the last quarter. Krilogy Financial LLC raised its holdings in shares of Lindblad Expeditions by 23.3% during the third quarter. Krilogy Financial LLC now owns 9,562 shares of the company's stock valued at $301,000 after acquiring an additional 1,805 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Lindblad Expeditions by 35.3% during the third quarter. GAMMA Investing LLC now owns 1,249 shares of the company's stock valued at $39,000 after acquiring an additional 326 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $268,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Lindblad Expeditions in the second quarter valued at approximately $25,000. 75.94% of the stock is owned by hedge funds and other institutional investors.
Lindblad Expeditions Company Profile
(
Get Free Report)
Lindblad Expeditions Holdings, Inc is an expedition travel company that operates small-ship voyages and land-based adventures in environmentally and culturally significant destinations. Its trips emphasize exploration, education and conservation, and are designed to provide travelers with opportunities to observe wildlife, visit remote communities and learn from naturalists, historians and other expert guides.
The company operates under the Lindblad Expeditions and National Geographic Expeditions brands through a strategic relationship with National Geographic.
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