Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. Sells 1,000 Shares

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 1,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $19.39, for a total value of $19,390.00. Following the transaction, the director owned 118,486 shares of the company’s stock, valued at $2,297,443.54. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Lindblad Expeditions Stock Performance

NASDAQ LIND opened at $19.02 on Wednesday. The company has a market capitalization of $1.25 billion, a P/E ratio of -35.22 and a beta of 2.21. Lindblad Expeditions has a one year low of $9.85 and a one year high of $22.34. The stock has a 50 day moving average price of $18.45 and a 200-day moving average price of $16.23.

Lindblad Expeditions (NASDAQ:LIND) last posted its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $208.01 million for the quarter, compared to the consensus estimate of $197.24 million. As a group, equities analysts predict that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LIND shares. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday. Oppenheimer started coverage on Lindblad Expeditions in a research report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Benchmark raised their price target on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.25.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Lindblad Expeditions during the third quarter valued at $35,000. Osaic Holdings Inc. increased its stake in shares of Lindblad Expeditions by 58.1% during the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after buying an additional 1,322 shares during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Lindblad Expeditions during the fourth quarter valued at $57,000. Royal Bank of Canada increased its stake in shares of Lindblad Expeditions by 127.1% during the fourth quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after buying an additional 2,515 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Lindblad Expeditions by 222.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after buying an additional 3,311 shares during the period. 75.94% of the stock is owned by hedge funds and other 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.