Lindblad Expeditions (NASDAQ:LIND) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a strong-buy rating in a research report released on Tuesday morning,Zacks.com reports.

LIND has been the topic of a number of other research reports. Citigroup assumed coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Wednesday, October 8th. Wall Street Zen cut Lindblad Expeditions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Benchmark started coverage on shares of Lindblad Expeditions in a research note on Tuesday, December 30th. They set a “buy” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.33.

Lindblad Expeditions Price Performance

LIND opened at $14.98 on Tuesday. The business has a fifty day moving average price of $12.98 and a 200 day moving average price of $12.90. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $15.12. The stock has a market capitalization of $829.89 million, a price-to-earnings ratio of -22.70 and a beta of 2.28.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.11. The company had revenue of $240.17 million for the quarter, compared to analyst estimates of $229.68 million. On average, research analysts anticipate that Lindblad Expeditions will post -0.43 earnings per share for the current year.

Insider Activity

In related news, CEO Benjamin Bressler sold 16,123 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $15.02, for a total value of $242,167.46. Following the completion of the transaction, the chief executive officer owned 23,466 shares of the company’s stock, valued at approximately $352,459.32. This trade represents a 40.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 34.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Lindblad Expeditions by 18.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 369,337 shares of the company’s stock valued at $4,728,000 after buying an additional 57,974 shares during the period. Tudor Investment Corp ET AL boosted its holdings in shares of Lindblad Expeditions by 15.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 302,576 shares of the company’s stock worth $3,873,000 after acquiring an additional 40,628 shares in the last quarter. Penn Capital Management Company LLC grew its position in Lindblad Expeditions by 1.7% during the 3rd quarter. Penn Capital Management Company LLC now owns 969,539 shares of the company’s stock worth $12,423,000 after acquiring an additional 16,418 shares during the last quarter. Caxton Associates LLP bought a new position in Lindblad Expeditions in the 3rd quarter valued at $173,000. Finally, Verition Fund Management LLC boosted its stake in Lindblad Expeditions by 53.6% in the third quarter. Verition Fund Management LLC now owns 15,761 shares of the company’s stock worth $202,000 after purchasing an additional 5,502 shares in the last quarter. 75.94% of the stock is owned by institutional investors.

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.