Benjamin Bressler Sells 29,628 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $15.04, for a total transaction of $445,605.12. Following the completion of the sale, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $352,928.64. The trade was a 55.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Benjamin Bressler also recently made the following trade(s):

• On Monday, December 22nd, Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock. The stock was sold at an average price of $15.02, for a total value of $242,167.46.

Lindblad Expeditions Stock Performance

Lindblad Expeditions stock traded down $0.25 during midday trading on Thursday, reaching $14.73. The company’s stock had a trading volume of 581,112 shares, compared to its average volume of 570,482. The firm has a market capitalization of $816.06 million, a PE ratio of -22.32 and a beta of 2.28. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $15.12. The stock’s 50 day simple moving average is $12.98 and its 200 day simple moving average is $12.90.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to analyst estimates of $229.68 million. Equities analysts predict that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Citigroup began coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Benchmark began coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating and a $18.00 price target on the stock. Finally, Zacks Research upgraded shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Lindblad Expeditions has an average rating of “Moderate Buy” and a consensus price target of $17.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Lindblad Expeditions by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,332,262 shares of the company’s stock valued at $29,853,000 after acquiring an additional 29,642 shares in the last quarter. Anchor Capital Management Company LLC increased its holdings in shares of Lindblad Expeditions by 7.4% during the third quarter. Anchor Capital Management Company LLC now owns 1,911,106 shares of the company’s stock valued at $24,462,000 after purchasing an additional 131,203 shares during the period. Black Diamond Financial LLC raised its stake in shares of Lindblad Expeditions by 13.6% during the third quarter. Black Diamond Financial LLC now owns 1,068,362 shares of the company’s stock valued at $13,675,000 after purchasing an additional 127,950 shares in the last quarter. Penn Capital Management Company LLC lifted its holdings in Lindblad Expeditions by 1.7% in the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after purchasing an additional 16,418 shares during the period. Finally, Pinnacle Associates Ltd. boosted its holdings in shares of Lindblad Expeditions by 4.5% in the third quarter. Pinnacle Associates Ltd. now owns 962,548 shares of the company’s stock valued at $12,321,000 after acquiring an additional 41,750 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

About Lindblad Expeditions

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.