Lindblad Expeditions (LIND) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a report issued on Tuesday morning.

LIND has been the subject of several other reports. Imperial Capital upped their price target on shares of Lindblad Expeditions from $14.00 to $16.00 and gave the company an outperform rating in a research report on Monday, August 6th. Zacks Investment Research cut shares of Lindblad Expeditions from a strong-buy rating to a hold rating in a research report on Thursday, July 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $13.25.

Shares of NASDAQ LIND opened at $13.46 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 1.65. Lindblad Expeditions has a 52-week low of $8.66 and a 52-week high of $15.88. The company has a market capitalization of $680.85 million, a price-to-earnings ratio of 149.33 and a beta of -0.11.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 2nd. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. Lindblad Expeditions had a net margin of 1.40% and a return on equity of 14.76%. The firm had revenue of $69.47 million during the quarter, compared to analysts’ expectations of $66.90 million. As a group, research analysts expect that Lindblad Expeditions will post 0.22 earnings per share for the current year.

In other Lindblad Expeditions news, insider Trey Byus sold 25,750 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $13.87, for a total value of $357,152.50. Following the completion of the transaction, the insider now directly owns 450,857 shares in the company, valued at approximately $6,253,386.59. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 155,750 shares of company stock valued at $2,234,053. Corporate insiders own 51.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY bought a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at $100,000. MetLife Investment Advisors LLC bought a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at $143,000. Acadian Asset Management LLC bought a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at $250,000. Rhumbline Advisers boosted its stake in shares of Lindblad Expeditions by 27.1% in the 2nd quarter. Rhumbline Advisers now owns 19,477 shares of the company’s stock valued at $258,000 after purchasing an additional 4,155 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in shares of Lindblad Expeditions in the 2nd quarter valued at $264,000. 52.52% of the stock is currently owned by institutional investors.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides expedition cruising and adventure travel services. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions.

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