Lindblad Expeditions (NASDAQ:LIND) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a buy rating in a research report released on Saturday morning.

A number of other brokerages have also recently commented on LIND. Zacks Research cut shares of Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft set a $29.00 price objective on Lindblad Expeditions in a research note on Thursday, August 6th. Stifel Nicolaus set a $37.00 price objective on Lindblad Expeditions in a report on Tuesday, August 4th. Benchmark boosted their target price on Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Finally, Texas Capital cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Four investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.20.

Lindblad Expeditions Price Performance

NASDAQ:LIND opened at $29.59 on Friday. The business has a 50 day moving average of $29.44 and a 200 day moving average of $23.15. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of -77.87 and a beta of 2.24. Lindblad Expeditions has a 1-year low of $11.37 and a 1-year high of $35.00.

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

Insider Buying and Selling

In other Lindblad Expeditions news, Director Michael Elliott Bisnow sold 44,642 shares of the 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 owned 25,872 shares of the company’s stock, valued at $626,361.12. This represents a 63.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 26.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lindblad Expeditions

A number of hedge funds have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Lindblad Expeditions during the second quarter valued at about $1,268,000. California State Teachers Retirement System grew its stake in shares of Lindblad Expeditions by 4,129.5% in the second quarter. California State Teachers Retirement System now owns 1,553,991 shares of the company’s stock worth $43,885,000 after purchasing an additional 1,517,249 shares during the last quarter. AXQ Capital LP bought a new stake in shares of Lindblad Expeditions in the second quarter worth about $260,000. Greenspring Advisors LLC purchased a new position in Lindblad Expeditions during the 2nd quarter valued at about $205,000. Finally, Round Rock Advisors LLC raised its position in Lindblad Expeditions by 24.0% during the 2nd quarter. Round Rock Advisors LLC now owns 39,749 shares of the company’s stock valued at $1,123,000 after purchasing an additional 7,682 shares during the last quarter. 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.