Brokerages Set Lindblad Expeditions (NASDAQ:LIND) Price Target at $19.00

Shares of Lindblad Expeditions (NASDAQ:LIND) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $19.00.

A number of equities research analysts recently issued reports on LIND shares. Wall Street Zen downgraded shares of Lindblad Expeditions from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Stifel Nicolaus upped their target price on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, January 12th. Citigroup began coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They issued a “buy” rating for the company. Benchmark restated a “buy” rating on shares of Lindblad Expeditions in a research report on Thursday, January 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Thursday, January 22nd.

Lindblad Expeditions Trading Up 0.6%

Shares of Lindblad Expeditions stock opened at $16.24 on Friday. The firm has a market cap of $899.70 million, a PE ratio of -24.61 and a beta of 2.28. The stock has a 50 day moving average of $14.22 and a 200 day moving average of $13.31. Lindblad Expeditions has a 12 month low of $7.45 and a 12 month high of $17.19.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.11. The firm had revenue of $240.17 million for the quarter, compared to analysts’ expectations of $229.68 million. As a group, equities research analysts forecast that Lindblad Expeditions will post -0.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 42,903 shares of Lindblad Expeditions stock in a transaction on Monday, January 26th. The shares were sold at an average price of $16.03, for a total transaction of $687,735.09. Following the completion of the transaction, the director directly owned 11,487,059 shares of the company’s stock, valued at $184,137,555.77. The trade was a 0.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Benjamin Bressler sold 7,311 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $17.01, for a total transaction of $124,360.11. Following the completion of the sale, the chief executive officer directly owned 23,466 shares in the company, valued at approximately $399,156.66. This represents a 23.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 736,049 shares of company stock valued at $11,801,828. 34.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Several hedge funds and other institutional investors have recently modified their holdings of LIND. Summit Global Investments boosted its holdings in Lindblad Expeditions by 3.5% during the 2nd quarter. Summit Global Investments now owns 25,328 shares of the company’s stock valued at $296,000 after acquiring an additional 848 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Lindblad Expeditions by 0.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock valued at $1,735,000 after purchasing an additional 958 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lindblad Expeditions by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after purchasing an additional 1,037 shares during the last quarter. Simon Quick Advisors LLC increased its stake in Lindblad Expeditions by 7.1% in the 3rd quarter. Simon Quick Advisors LLC now owns 16,118 shares of the company’s stock worth $206,000 after buying an additional 1,065 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in Lindblad Expeditions by 9.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 14,406 shares of the company’s stock valued at $168,000 after buying an additional 1,222 shares in the last quarter. 75.94% of the stock is currently owned by hedge funds and other 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.