Lindblad Expeditions (NASDAQ:LIND) Given Average Rating of “Moderate Buy” by Brokerages

Lindblad Expeditions (NASDAQ:LIND) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $30.50.

LIND has been the topic of several research analyst reports. Zacks Research upgraded Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Stifel Nicolaus lifted their target price on Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Benchmark boosted their price target on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Finally, Wall Street Zen upgraded shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th.

Lindblad Expeditions Stock Performance

NASDAQ:LIND opened at $27.67 on Friday. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $30.00. The company has a 50 day moving average price of $23.71 and a 200 day moving average price of $19.98. The stock has a market capitalization of $1.81 billion, a P/E ratio of -51.24 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The firm had revenue of $208.01 million during the quarter, compared to analysts’ expectations of $197.24 million. Research analysts forecast that Lindblad Expeditions will post 0.18 earnings per share for the current fiscal year.

Insider Activity at Lindblad Expeditions

In other Lindblad Expeditions news, Director John M. Fahey, Jr. sold 3,500 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $20.04, for a total transaction of $70,140.00. Following the sale, the director directly owned 119,486 shares in the company, valued at $2,394,499.44. This represents a 2.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Trey Byus sold 26,460 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $20.23, for a total transaction of $535,285.80. Following the completion of the transaction, the insider directly owned 111,530 shares of the company’s stock, valued at $2,256,251.90. This represents a 19.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 88,602 shares of company stock worth $1,966,009. Corporate insiders own 26.10% of the company’s stock.

Institutional Trading of Lindblad Expeditions

Large investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its stake in shares of Lindblad Expeditions by 58.1% in the second quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after acquiring an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Lindblad Expeditions by 222.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock worth $56,000 after purchasing an additional 3,311 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Lindblad Expeditions during the 4th quarter worth $57,000. Royal Bank of Canada grew its stake in Lindblad Expeditions by 127.1% during the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock worth $65,000 after purchasing an additional 2,515 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in Lindblad Expeditions by 77.0% during the 1st quarter. Assetmark Inc. now owns 5,455 shares of the company’s stock worth $94,000 after purchasing an additional 2,373 shares during the period. Hedge funds and other institutional investors own 75.94% of the company’s stock.

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.