Lindblad Expeditions (NASDAQ:LIND) Upgraded to Strong-Buy at Benchmark

Lindblad Expeditions (NASDAQ:LIND) was upgraded by Benchmark to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

LIND has been the topic of a number of other reports. Citigroup began coverage on shares of Lindblad Expeditions in a research report on Tuesday. They set a “buy” rating on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Wednesday, October 8th. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen downgraded Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.33.

Lindblad Expeditions Price Performance

Shares of NASDAQ:LIND opened at $14.42 on Tuesday. The business has a 50-day moving average of $12.75 and a two-hundred day moving average of $12.77. The firm has a market capitalization of $798.87 million, a PE ratio of -21.85 and a beta of 2.36. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $15.06.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.11. The firm had revenue of $240.17 million during the quarter, compared to analyst estimates of $229.68 million. As a group, research analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Benjamin Bressler sold 16,123 shares of Lindblad Expeditions stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $15.02, for a total transaction of $242,167.46. Following the sale, the chief executive officer owned 23,466 shares of the company’s stock, valued at $352,459.32. The trade was a 40.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 34.00% of the company’s stock.

Institutional Trading of Lindblad Expeditions

Several large investors have recently modified their holdings of the business. Panagora Asset Management Inc. increased its position in shares of Lindblad Expeditions by 30.6% during the first quarter. Panagora Asset Management Inc. now owns 160,232 shares of the company’s stock worth $1,485,000 after acquiring an additional 37,512 shares during the last quarter. PDT Partners LLC grew its stake in Lindblad Expeditions by 17.2% during the 1st quarter. PDT Partners LLC now owns 70,486 shares of the company’s stock valued at $653,000 after purchasing an additional 10,367 shares in the last quarter. AQR Capital Management LLC increased its holdings in Lindblad Expeditions by 44.4% during the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock worth $148,000 after purchasing an additional 4,921 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Lindblad Expeditions by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock valued at $198,000 after purchasing an additional 1,037 shares in the last quarter. Finally, Militia Capital Partners LP purchased a new position in shares of Lindblad Expeditions during the 1st quarter valued at approximately $238,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.