Insider Buying: Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director Buys $246,629.52 in Stock

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) Director Alex P. Schultz bought 33,016 shares of Lindblad Expeditions stock in a transaction on Friday, April 19th. The shares were purchased at an average cost of $7.47 per share, with a total value of $246,629.52. Following the completion of the purchase, the director now directly owns 126,400 shares in the company, valued at $944,208. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Lindblad Expeditions Price Performance

NASDAQ LIND opened at $7.65 on Thursday. Lindblad Expeditions Holdings, Inc. has a 12 month low of $5.47 and a 12 month high of $12.13. The firm has a market capitalization of $408.73 million, a PE ratio of -8.14 and a beta of 2.84. The company’s 50 day simple moving average is $8.55 and its 200 day simple moving average is $8.49.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.23). The firm had revenue of $125.36 million during the quarter, compared to the consensus estimate of $127.70 million. Sell-side analysts anticipate that Lindblad Expeditions Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on LIND. Deutsche Bank Aktiengesellschaft reduced their price objective on Lindblad Expeditions from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Tuesday, April 2nd. StockNews.com lowered Lindblad Expeditions from a “hold” rating to a “sell” rating in a report on Thursday, April 4th.

Hedge Funds Weigh In On Lindblad Expeditions

Several large investors have recently made changes to their positions in the business. State Board of Administration of Florida Retirement System acquired a new stake in Lindblad Expeditions during the third quarter valued at approximately $72,000. SG Americas Securities LLC bought a new stake in shares of Lindblad Expeditions during the 3rd quarter worth $108,000. PFG Investments LLC acquired a new stake in shares of Lindblad Expeditions during the first quarter worth $152,000. Orion Portfolio Solutions LLC lifted its holdings 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 last quarter. Finally, Quest Partners LLC acquired a new position in shares of Lindblad Expeditions in the 4th quarter valued at $200,000. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

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.