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

Lindblad Expeditions (NASDAQ:LIND) Director John Fahey, Jr. sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $19.39, for a total transaction of $19,390.00. Following the completion of the transaction, the director directly owned 117,486 shares in the company, valued at approximately $2,278,053.54. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Lindblad Expeditions Trading Down 3.6%

NASDAQ:LIND opened at $18.67 on Friday. The company’s 50-day moving average price is $18.45 and its 200-day moving average price is $16.34. The company has a market cap of $1.22 billion, a P/E ratio of -34.57 and a beta of 2.21. Lindblad Expeditions has a twelve month low of $9.85 and a twelve month high of $22.34.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to analysts’ expectations of $197.24 million. On average, analysts expect that Lindblad Expeditions will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new stake in shares of Lindblad Expeditions during the third quarter valued at about $35,000. Osaic Holdings Inc. increased its position 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 acquiring an additional 1,322 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions during the fourth quarter valued at about $57,000. Royal Bank of Canada increased its position 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 acquiring an additional 2,515 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position 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 acquiring an additional 3,311 shares during the last quarter. 75.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Zacks Research downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Benchmark lifted their target price on shares of Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Finally, Oppenheimer assumed coverage on shares of Lindblad Expeditions in a research note on Monday, March 16th. They set an “outperform” rating and a $25.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.25.

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.