Lindblad Expeditions (NASDAQ:LIND) Reaches New 1-Year High – What’s Next?

Lindblad Expeditions (NASDAQ:LIND) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $31.00 and last traded at $29.2940, with a volume of 1085 shares changing hands. The stock had previously closed at $29.74.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on Lindblad Expeditions from $27.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Capital One Financial set a $31.00 target price on shares of Lindblad Expeditions in a research report on Monday, June 29th. Benchmark upped their price target on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Zacks Research raised shares of Lindblad Expeditions from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Finally, Wall Street Zen upgraded Lindblad Expeditions from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.20.

Lindblad Expeditions Stock Performance

The company has a market cap of $1.97 billion, a price-to-earnings ratio of -55.42 and a beta of 2.22. The firm’s 50 day simple moving average is $24.96 and its 200-day simple moving average is $20.68.

Lindblad Expeditions (NASDAQ:LIND) last issued its earnings results on Tuesday, May 5th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.08. The business had revenue of $208.01 million during the quarter, compared to analyst estimates of $197.24 million. As a group, sell-side analysts expect that Lindblad Expeditions will post 0.18 EPS for the current fiscal year.

Insider Activity at Lindblad Expeditions

In other news, Director John M. Fahey, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $20.26, for a total transaction of $40,520.00. Following the transaction, the director directly owned 112,486 shares in the company, valued at $2,278,966.36. The trade was a 1.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Elliott Bisnow sold 44,642 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 25,872 shares of the company’s stock, valued at $626,361.12. This trade represents a 63.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 88,602 shares of company stock valued at $1,966,009. Corporate insiders own 26.10% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC grew its holdings in Lindblad Expeditions by 115.1% in the 3rd quarter. Millennium Management LLC now owns 834,162 shares of the company’s stock valued at $10,677,000 after buying an additional 446,294 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Lindblad Expeditions by 44.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,272,909 shares of the company’s stock worth $22,021,000 after acquiring an additional 393,359 shares during the last quarter. UBS Group AG raised its holdings in shares of Lindblad Expeditions by 57.9% during the 4th quarter. UBS Group AG now owns 833,372 shares of the company’s stock worth $12,017,000 after acquiring an additional 305,704 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Lindblad Expeditions by 59.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 786,119 shares of the company’s stock worth $13,598,000 after acquiring an additional 291,776 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Lindblad Expeditions by 96.8% during the 1st quarter. Bank of America Corp DE now owns 546,832 shares of the company’s stock valued at $9,460,000 after acquiring an additional 269,039 shares during the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

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.