CEO of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) buys $255,330.15 in stock

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND – Get Your Free Report ) CEO Sven-Olof Lindblad acquired 32,117 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the transaction, the chief executive officer now directly owns 11,825,063 shares in the company, valued at approximately $94,009,250.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link.

Lindblad Expeditions stocks up 17.7%

NASDAQ:LIND opened at $10.45 on Friday. The firm has a 50-day moving average of $8.77 and a 200-day moving average of $8.40. Lindblad Expeditions Holdings, Inc. it has a 52-week low of $5.47 and a 52-week high of $11.53. The stock has a market cap of $559.42 million, a price-to-earnings ratio of -10.15 and a beta of 3.01.

Hedge funds influence Lindblad expeditions

A number of large investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD purchased a new position in Lindblad Expeditions in the 1st quarter worth $95,000. Arizona State Retirement System purchased a new stake in shares of Lindblad Expeditions in the second quarter valued at about $101,000. PFG Investments LLC purchased a new position in shares of Lindblad Expeditions in the first quarter valued at approximately $152,000. EntryPoint Capital LLC purchased a new stake in Lindblad Expeditions in the 1st quarter worth approximately $176,000. Finally, Quest Partners LLC purchased a new position in shares of Lindblad Expeditions in the fourth quarter valued at $200,000. 75.94% of shares are owned by institutional investors and hedge funds.

The Wall Street analyst weighs in

LIND has been the subject of several recent research reports. B. Riley upped their target price on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus decreased their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Craig Hallum cut their price target on Lindblad Expeditions from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, StockNews.com upgraded Lindblad Expeditions from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.25.

Check out our latest research report on Lindblad expeditions

About Lindblad Expeditions

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Lindblad Expeditions Holdings, Inc offers sea expedition adventures and travel experience around the world. It operates through the Lindblad and Land Experiences segment. The Lindblad segment offers ship expeditions aboard custom-made, agile and intimately scaled vessels that offer up-close experiences in the planet’s wild and remote places and capitals of culture; and offers an expedition ship that is equipped with state-of-the-art instruments for deep exploration with infrastructure and ports such as Antarctica and the Arctic, as well as places accessed by a ship that include the Galapagos Islands, Alaska, the Baja California Sea. Cortez and Panama and promote engagement activities.

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