Alex P. Schultz Buys 33,016 Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Stock

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director Alex P. Schultz acquired 33,016 shares of the business’s stock in a transaction dated Friday, April 19th. The shares were acquired at an average cost of $7.47 per share, with a total value of $246,629.52. Following the acquisition, the director now directly owns 126,400 shares of the company’s stock, valued at approximately $944,208. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Lindblad Expeditions Price Performance

NASDAQ:LIND opened at $7.35 on Wednesday. Lindblad Expeditions Holdings, Inc. has a 1-year low of $5.47 and a 1-year high of $12.13. The business has a 50 day moving average of $8.58 and a 200 day moving average of $8.49. The company has a market capitalization of $392.71 million, a price-to-earnings ratio of -7.82 and a beta of 2.84.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Wednesday, February 28th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.23). The firm had revenue of $125.36 million for the quarter, compared to analysts’ expectations of $127.70 million. As a group, sell-side analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -0.46 EPS for the current year.

Institutional Trading of Lindblad Expeditions

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Lindblad Expeditions in the 3rd quarter valued at about $108,000. Hedges Asset Management LLC lifted its position in Lindblad Expeditions by 52.4% in the third quarter. Hedges Asset Management LLC now owns 119,900 shares of the company’s stock valued at $863,000 after purchasing an additional 41,200 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Lindblad Expeditions by 50.5% during the third quarter. Orion Portfolio Solutions LLC now owns 24,886 shares of the company’s stock valued at $179,000 after purchasing an additional 8,347 shares during the period. Swiss National Bank boosted its stake in shares of Lindblad Expeditions by 2.1% during the third quarter. Swiss National Bank now owns 76,141 shares of the company’s stock valued at $548,000 after purchasing an additional 1,600 shares during the period. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of Lindblad Expeditions in the third quarter worth approximately $72,000. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com cut shares of Lindblad Expeditions from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, April 2nd.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.