Craig Hallum Cuts Lindblad Expeditions (NASDAQ:LIND) Price Target to $12.00

Lindblad Expeditions (NASDAQ:LIND) had its price target decreased by Craig Hallum from $15.00 to $12.00 in a report published on Wednesday morning, Benzinga reports. Craig Hallum currently has a buy rating on the stock.

Several other research firms have also recently weighed in on LIND. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lindblad Expeditions from $11.00 to $10.00 and set a hold rating for the company in a research note on Tuesday, April 2nd. StockNews.com raised Lindblad Expeditions from a sell rating to a hold rating in a report on Monday, April 29th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Lindblad Expeditions presently has an average rating of Moderate Buy and an average target price of $12.50.

Lindblad Expeditions Price Performance

NASDAQ:LIND opened at $7.34 on Wednesday. Lindblad Expeditions has a 1-year low of $5.47 and a 1-year high of $12.13. The firm has a fifty day simple moving average of $8.28 and a 200 day simple moving average of $8.50.

Lindblad Expeditions (NASDAQ:LIND) last released its earnings results on Wednesday, February 28th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.23). The company had revenue of $125.36 million for the quarter, compared to analyst estimates of $127.70 million. As a group, equities research analysts predict that Lindblad Expeditions will post -0.44 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other news, Director Alex P. Schultz bought 33,016 shares of the company’s stock in a transaction dated Friday, April 19th. The stock was bought at an average price of $7.47 per share, with a total value of $246,629.52. Following the completion of the acquisition, the director now owns 126,400 shares of the company’s stock, valued at $944,208. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 34.80% of the company’s stock.

Institutional Investors Weigh In On Lindblad Expeditions

Hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp raised its stake in Lindblad Expeditions by 18.4% in the third quarter. Stifel Financial Corp now owns 309,471 shares of the company’s stock valued at $2,228,000 after purchasing an additional 48,155 shares in the last quarter. Ariel Investments LLC raised its stake in Lindblad Expeditions by 13.3% in the third quarter. Ariel Investments LLC now owns 8,472,058 shares of the company’s stock valued at $60,999,000 after purchasing an additional 995,293 shares in the last quarter. Trexquant Investment LP raised its stake in Lindblad Expeditions by 5.0% in the third quarter. Trexquant Investment LP now owns 70,904 shares of the company’s stock valued at $511,000 after purchasing an additional 3,371 shares in the last quarter. Hedges Asset Management LLC raised its stake in Lindblad Expeditions by 10.8% in the fourth quarter. Hedges Asset Management LLC now owns 132,800 shares of the company’s stock valued at $1,497,000 after purchasing an additional 12,900 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in Lindblad Expeditions by 50.5% in the third quarter. Orion Portfolio Solutions LLC now owns 24,886 shares of the company’s stock valued at $179,000 after purchasing an additional 8,347 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.