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

Shares of Lindblad Expeditions (NASDAQ:LIND) have received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $19.00.

LIND has been the subject of several analyst reports. Citigroup began coverage on Lindblad Expeditions in a research report on Tuesday, December 30th. They set a “buy” rating for the company. Stifel Nicolaus lifted their price objective on shares of Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Benchmark reissued a “buy” rating on shares of Lindblad Expeditions in a research note on Thursday, January 15th. Zacks Research cut Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research report on Thursday, January 22nd.

Insider Activity at Lindblad Expeditions

In other news, Director Sven-Olof Lindblad sold 233,505 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $17.27, for a total transaction of $4,032,631.35. Following the completion of the sale, the director owned 10,939,274 shares of the company’s stock, valued at $188,921,261.98. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Benjamin Bressler sold 222,386 shares of the business’s stock in a transaction on Monday, January 12th. The shares were sold at an average price of $16.08, for a total transaction of $3,575,966.88. Following the completion of the sale, the chief executive officer directly owned 23,466 shares in the company, valued at $377,333.28. This represents a 90.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,782,351 shares of company stock valued at $29,808,188 in the last quarter. Corporate insiders own 34.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Lindblad Expeditions in the 3rd quarter valued at approximately $35,000. Osaic Holdings Inc. grew its stake in shares of Lindblad Expeditions by 58.1% during the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock worth $41,000 after acquiring an additional 1,322 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Lindblad Expeditions by 222.1% in the second quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Lindblad Expeditions in the fourth quarter worth $57,000. Finally, CWM LLC boosted its holdings in Lindblad Expeditions by 188.1% during the third quarter. CWM LLC now owns 4,849 shares of the company’s stock worth $62,000 after purchasing an additional 3,166 shares during the last quarter. 75.94% of the stock is currently owned by institutional investors.

Lindblad Expeditions Stock Up 1.8%

LIND stock opened at $20.85 on Wednesday. Lindblad Expeditions has a twelve month low of $7.45 and a twelve month high of $21.23. The company has a market cap of $1.16 billion, a P/E ratio of -31.59 and a beta of 2.27. The business’s fifty day moving average is $16.61 and its 200-day moving average is $14.14.

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.