Lindblad Expeditions (NASDAQ:LIND) Shares Up 9.7% – What’s Next?

Lindblad Expeditions (NASDAQ:LIND) shares traded up 9.7% on Thursday . The company traded as high as $26.26 and last traded at $26.2950. Approximately 398,816 shares were traded during trading, a decline of 48% from the average daily volume of 768,351 shares. The stock had previously closed at $23.96.

Analyst Upgrades and Downgrades

LIND has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Benchmark increased their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Finally, Oppenheimer initiated coverage on Lindblad Expeditions in a research note on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target on the stock. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.33.

Lindblad Expeditions Stock Performance

The business’s 50-day moving average is $20.46 and its 200-day moving average is $17.97. The company has a market capitalization of $1.72 billion, a PE ratio of -48.67 and a beta of 2.26.

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

Insiders Place Their Bets

In other Lindblad Expeditions news, insider Trey Byus sold 26,460 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $20.23, for a total value of $535,285.80. Following the transaction, the insider directly owned 111,530 shares of the company’s stock, valued at approximately $2,256,251.90. This trade represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John M. Fahey, Jr. sold 3,500 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $20.04, for a total value of $70,140.00. Following the completion of the sale, the director owned 119,486 shares of the company’s stock, valued at approximately $2,394,499.44. The trade was a 2.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 43,960 shares of company stock worth $885,226. Corporate insiders own 26.10% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC raised its position in shares of Lindblad Expeditions by 44.4% during the 1st quarter. AQR Capital Management LLC now owns 15,994 shares of the company’s stock valued at $148,000 after purchasing an additional 4,921 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 worth $198,000 after buying an additional 1,037 shares during the period. Creative Planning purchased a new stake in Lindblad Expeditions in the 2nd quarter worth $174,000. JPMorgan Chase & Co. increased its stake in Lindblad Expeditions by 78.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 311,363 shares of the company’s stock worth $3,634,000 after buying an additional 137,312 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Lindblad Expeditions by 8.1% during the second quarter. Rhumbline Advisers now owns 55,012 shares of the company’s stock valued at $642,000 after acquiring an additional 4,114 shares during the period. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Company Profile

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.