Benjamin Bressler Sells 222,386 Shares of Lindblad Expeditions (NASDAQ:LIND) Stock

Lindblad Expeditions (NASDAQ:LIND) CEO Benjamin Bressler sold 222,386 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $16.08, for a total value of $3,575,966.88. Following the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at $377,333.28. This trade represents a 90.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Friday, January 9th, Benjamin Bressler sold 69,439 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.03, for a total value of $1,043,668.17.
• On Wednesday, January 7th, Benjamin Bressler sold 29,628 shares of Lindblad Expeditions stock. The shares were sold at an average price of $15.04, for a total value of $445,605.12.
• 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 Trading Up 12.3%

NASDAQ LIND traded up $1.85 during trading on Monday, reaching $16.89. 2,011,826 shares of the company’s stock were exchanged, compared to its average volume of 387,322. Lindblad Expeditions has a fifty-two week low of $7.45 and a fifty-two week high of $16.99. The company’s fifty day simple moving average is $13.20 and its 200-day simple moving average is $13.00. The firm has a market capitalization of $935.71 million, a PE ratio of -25.59 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.22 by $0.11. The firm had revenue of $240.17 million during the quarter, compared to the consensus estimate of $229.68 million. Equities analysts forecast that Lindblad Expeditions will post -0.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LIND. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 6th. Stifel Nicolaus lifted their price target on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday. Citigroup initiated coverage on shares of Lindblad Expeditions in a report on Tuesday, December 30th. They issued a “buy” rating on the stock. Benchmark initiated coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. One investment 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC grew its stake in shares of Lindblad Expeditions by 112.4% in the fourth quarter. SG Americas Securities LLC now owns 172,265 shares of the company’s stock valued at $2,484,000 after buying an additional 91,176 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Lindblad Expeditions by 18.6% in the third quarter. JPMorgan Chase & Co. now owns 369,337 shares of the company’s stock valued at $4,728,000 after purchasing an additional 57,974 shares during the last quarter. Tudor Investment Corp ET AL raised its position in shares of Lindblad Expeditions by 15.5% in the third quarter. Tudor Investment Corp ET AL now owns 302,576 shares of the company’s stock valued at $3,873,000 after purchasing an additional 40,628 shares during the period. Penn Capital Management Company LLC raised its position in shares of Lindblad Expeditions by 1.7% in the third quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock valued at $12,423,000 after purchasing an additional 16,418 shares during the period. Finally, Caxton Associates LLP acquired a new stake in shares of Lindblad Expeditions during the 3rd quarter worth about $173,000. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

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.