Key Points
- Director Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions at an average price of $36.23, generating $3.53 million. He retained 10.35 million shares valued at approximately $375 million.
- The sale was part of a broader series of insider transactions from October 16–22, totaling more than $14.25 million in stock sales. Shares opened at $35.25 and have risen substantially from their 12-month low of $11.37.
- Lindblad Expeditions exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus rating. However, the average price target of $31.50 is below the reported share price.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 97,470 shares of the stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $36.23, for a total value of $3,531,338.10. Following the completion of the sale, the director owned 10,351,502 shares in the company, valued at $375,034,917.46. This trade represents a 0.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Sven-Olof Lindblad also recently made the following trade(s):
- On Thursday, October 22nd, Sven-Olof Lindblad sold 67,974 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.68, for a total value of $2,425,312.32.
- On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The stock was sold at an average price of $35.49, for a total value of $2,681,092.05.
- 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 value of $2,863,215.00.
- On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The shares were sold at an average price of $34.74, for a total value of $2,750,886.90.
Lindblad Expeditions Trading Down 2.6%
Shares of LIND opened at $35.25 on Friday. Lindblad Expeditions has a 12-month low of $11.37 and a 12-month high of $36.97. The company has a market cap of $2.31 billion, a PE ratio of -92.76 and a beta of 2.24. The stock has a 50-day moving average price of $30.74 and a 200-day moving average price of $26.43.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.08. The company had revenue of $199.25 million for the quarter, compared to analysts' expectations 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, analysts predict that Lindblad Expeditions will post 0.22 earnings per share for the current year.
Institutional Trading of Lindblad Expeditions
Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in Lindblad Expeditions during the 2nd quarter valued at about $122,583,000. Pinnacle Associates Ltd. raised its position in Lindblad Expeditions by 8.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 864,233 shares of the company's stock valued at $27,163,000 after purchasing an additional 64,185 shares during the last quarter. Principal Financial Group Inc. raised its position in Lindblad Expeditions by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company's stock valued at $26,467,000 after purchasing an additional 46,955 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Lindblad Expeditions by 44.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company's stock worth $22,021,000 after buying an additional 393,359 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in Lindblad Expeditions in the 2nd quarter worth approximately $19,362,000. 75.94% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
LIND has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a report on Sunday, September 20th. Capital One Financial set a $31.00 price objective on shares of Lindblad Expeditions in a report on Monday, June 29th. Zacks Research upgraded shares of Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 2nd. Benchmark increased their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a "buy" rating in a research note on Monday, June 29th. Finally, Texas Capital downgraded Lindblad Expeditions from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $31.50.
Read Our Latest Stock Report on LIND
About Lindblad Expeditions
(
Get Free Report)
Lindblad Expeditions Holdings, Inc (NASDAQ:LIND) operates expedition cruises and adventure travel experiences focused on nature, culture and education. Through its Lindblad Expeditions brand, the company provides small-ship voyages designed to take travelers to remote destinations while emphasizing exploration, conservation and expert-led interpretation.
The company's offerings include ocean and river expeditions, wildlife-focused voyages, cultural journeys and land-based adventures. Trips commonly feature naturalists, historians, photographers and other specialists, along with activities such as shore excursions, hiking, kayaking, snorkeling and wildlife observation.
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