Lindblad Expeditions (NASDAQ:LIND) Shares Down 4.8% – Time to Sell?

Lindblad Expeditions (NASDAQ:LIND)’s share price traded down 4.8% during mid-day trading on Monday . The company traded as low as $28.15 and last traded at $28.1630. Approximately 86,793 shares were traded during trading, a decline of 89% from the average session volume of 813,089 shares. The stock had previously closed at $29.59.

Analyst Upgrades and Downgrades

LIND has been the subject of several research reports. Texas Capital downgraded shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft set a $29.00 target price on Lindblad Expeditions in a research note on Thursday, August 6th. Four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $31.20.

Lindblad Expeditions Stock Down 3.6%

The company’s fifty day moving average is $29.45 and its two-hundred day moving average is $23.25. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -67.37 and a beta of 2.22.

Lindblad Expeditions (NASDAQ:LIND) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.08. Lindblad Expeditions had a negative net margin of 2.08% and a negative return on equity of 0.56%. The company had revenue of $199.25 million during the quarter, compared to analysts’ expectations of $185.86 million. Sell-side analysts predict that Lindblad Expeditions will post 0.17 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the completion of the sale, the director directly owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. The trade was a 63.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 26.10% of the company’s stock.

Institutional Trading of Lindblad Expeditions

A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. Allworth Financial LP purchased a new stake in Lindblad Expeditions during the 2nd quarter worth about $38,000. Silvant Capital Management LLC acquired a new position in shares of Lindblad Expeditions during the 2nd quarter worth about $58,000. Osaic Holdings Inc. increased its holdings in shares of Lindblad Expeditions by 58.1% in the 2nd 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 during the last quarter. State of Wyoming purchased a new position in shares of Lindblad Expeditions in the 2nd quarter valued at about $109,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Lindblad Expeditions during the 4th quarter worth about $57,000. 75.94% of the stock is currently owned by institutional investors and hedge funds.

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.