Key Points
- Director Sven-Olof Lindblad sold 49,969 shares of Lindblad Expeditions at an average price of $35.25, generating approximately $1.76 million. He retained 10.17 million shares valued at about $358.4 million.
- The sale followed six additional transactions from October 16–23, during which Lindblad sold roughly 470,000 shares for more than $16.5 million in total.
- Lindblad Expeditions recently exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus; however, the average price target of $31.50 is below the stock’s $35.09 opening price.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) Director Sven-Olof Lindblad sold 49,969 shares of the company's stock in a transaction on Monday, October 26th. The stock was sold at an average price of $35.25, for a total value of $1,761,407.25. Following the transaction, the director directly owned 10,167,399 shares in the company, valued at $358,400,814.75. This represents a 0.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Sven-Olof Lindblad also recently made the following trade(s):
- On Friday, October 23rd, Sven-Olof Lindblad sold 66,160 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.23, for a total value of $2,264,656.80.
- 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 Wednesday, October 21st, Sven-Olof Lindblad sold 97,470 shares of Lindblad Expeditions stock. The shares were sold at an average price of $36.23, for a total value of $3,531,338.10.
- On Tuesday, October 20th, Sven-Olof Lindblad sold 75,545 shares of Lindblad Expeditions stock. The shares were 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 transaction of $2,863,215.00.
- On Friday, October 16th, Sven-Olof Lindblad sold 79,185 shares of Lindblad Expeditions stock. The stock was sold at an average price of $34.74, for a total transaction of $2,750,886.90.
Lindblad Expeditions Stock Up 0.7%
NASDAQ:LIND opened at $35.09 on Wednesday. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $36.97. The firm's fifty day simple moving average is $30.98 and its 200-day simple moving average is $24.10.
Lindblad Expeditions (NASDAQ:LIND - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.08. The company had revenue of $199.25 million during the quarter, compared to analysts' expectations of $185.86 million. As a group, analysts forecast that Lindblad Expeditions will post 0.22 EPS for the current year.
Institutional Trading of Lindblad Expeditions
Several large investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Lindblad Expeditions in the second quarter valued at $122,583,000. Bank of New York Mellon Corp acquired a new position in shares of Lindblad Expeditions during the 2nd quarter worth $19,362,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Lindblad Expeditions by 44.7% during 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 last quarter. Nicholas Investment Partners LP purchased a new stake in shares of Lindblad Expeditions in the 2nd quarter worth about $9,587,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Lindblad Expeditions by 59.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company's stock worth $13,598,000 after buying an additional 291,776 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company's stock.
Analyst Upgrades and Downgrades
LIND has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Lindblad Expeditions from a "hold" rating to a "buy" rating in a research report on Sunday, September 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $30.00 target price on shares of Lindblad Expeditions in a report on Thursday, September 17th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Lindblad Expeditions in a research report on Thursday, October 15th. Stifel Nicolaus set a $37.00 price target on Lindblad Expeditions in a research note on Tuesday, August 4th. Finally, Zacks Research raised Lindblad Expeditions from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lindblad Expeditions has a consensus rating of "Moderate Buy" and an average target price of $31.50.
Read Our Latest Analysis on Lindblad Expeditions
Lindblad Expeditions Company Profile
(
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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