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

Lindblad Expeditions Holdings, Inc. (NASDAQ:LINDGet Free Report) 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:LINDGet Free Report) 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. 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.

Read Our Latest Stock Analysis on Lindblad Expeditions

About Lindblad Expeditions

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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.

Further Reading

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