Lindblad Expeditions (NASDAQ:LIND) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Lindblad Expeditions (NASDAQ:LIND) have earned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.3333.

LIND has been the topic of several analyst reports. Oppenheimer initiated coverage on shares of Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 target price on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th.

Insiders Place Their Bets

In related news, Director Michael Elliott Bisnow sold 44,642 shares of Lindblad Expeditions stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $24.21, for a total value of $1,080,782.82. Following the transaction, the director directly owned 25,872 shares in the company, valued at $626,361.12. This trade represents a 63.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John M. Fahey, Jr. sold 2,000 shares of Lindblad Expeditions stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $20.26, for a total transaction of $40,520.00. Following the completion of the transaction, the director owned 112,486 shares in the company, valued at approximately $2,278,966.36. This trade represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 88,602 shares of company stock valued at $1,966,009. 26.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors have recently made changes to their positions in the stock. Graham Capital Management L.P. raised its stake in shares of Lindblad Expeditions by 2.4% during the 4th quarter. Graham Capital Management L.P. now owns 24,763 shares of the company’s stock worth $357,000 after buying an additional 590 shares during the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Lindblad Expeditions by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 120,331 shares of the company’s stock worth $1,735,000 after buying an additional 958 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lindblad Expeditions by 5.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,329 shares of the company’s stock worth $198,000 after buying an additional 1,037 shares during the last quarter. Deutsche Bank AG raised its stake in Lindblad Expeditions by 4.0% in the 4th quarter. Deutsche Bank AG now owns 29,521 shares of the company’s stock valued at $426,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Aristides Capital LLC raised its stake in Lindblad Expeditions by 4.7% in the 4th quarter. Aristides Capital LLC now owns 26,180 shares of the company’s stock valued at $378,000 after purchasing an additional 1,180 shares during the last quarter. 75.94% of the stock is currently owned by hedge funds and other institutional investors.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $29.57 on Tuesday. The firm has a market cap of $1.94 billion, a PE ratio of -54.76 and a beta of 2.26. The company has a 50-day moving average of $21.55 and a two-hundred day moving average of $18.65. Lindblad Expeditions has a 1-year low of $11.28 and a 1-year high of $30.00.

Lindblad Expeditions (NASDAQ:LIND) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.08. The business had revenue of $208.01 million for the quarter, compared to analyst estimates of $197.24 million. Sell-side analysts anticipate that Lindblad Expeditions will post 0.09 EPS for the current fiscal year.

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.