Lindblad Expeditions (NASDAQ:LIND) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Lindblad Expeditions (NASDAQ:LIND) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

A number of other research firms have also recently weighed in on LIND. Stifel Nicolaus set a $37.00 price objective on shares of Lindblad Expeditions in a research report on Tuesday, August 4th. Capital One Financial set a $31.00 target price on Lindblad Expeditions in a research report on Monday, June 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Lindblad Expeditions in a report on Friday, July 17th. Zacks Research lowered Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Texas Capital downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.83.

Lindblad Expeditions Stock Up 1.5%

NASDAQ:LIND opened at $25.67 on Friday. The company has a market cap of $1.68 billion, a P/E ratio of -67.55 and a beta of 2.22. The firm’s 50 day moving average is $29.15 and its two-hundred day moving average is $23.53. Lindblad Expeditions has a fifty-two week low of $11.37 and a fifty-two week high of $35.00.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. The company had revenue of $199.25 million for the quarter, compared to the consensus estimate of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. Research analysts forecast that Lindblad Expeditions will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Michael Bisnow sold 44,642 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $24.21, for a total transaction of $1,080,782.82. Following the sale, the director directly owned 25,872 shares of the company’s stock, valued at approximately $626,361.12. This represents a 63.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 26.10% of the company’s stock.

Institutional Trading of Lindblad Expeditions

Institutional investors have recently added to or reduced their stakes in the business. Graham Capital Management L.P. lifted its position in Lindblad Expeditions by 2.4% in the fourth quarter. Graham Capital Management L.P. now owns 24,763 shares of the company’s stock worth $357,000 after purchasing an additional 590 shares during the period. Allworth Financial LP increased its position in shares of Lindblad Expeditions by 168.8% during the 2nd quarter. Allworth Financial LP now owns 1,363 shares of the company’s stock valued at $38,000 after purchasing an additional 856 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Lindblad Expeditions during the 2nd quarter valued at $25,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Lindblad Expeditions by 5.1% in 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 in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Lindblad Expeditions by 4.0% in the 4th quarter. Deutsche Bank AG now owns 29,521 shares of the company’s stock worth $426,000 after buying an additional 1,140 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc is an expedition travel company that provides small-ship ocean and river voyages, land-based expeditions, and related travel experiences. Its trips focus on exploration, nature, wildlife, culture, and education, with itineraries designed for destinations that are generally less accessible to conventional cruise operators.

The company operates voyages under the Lindblad Expeditions and National Geographic-Lindblad Expeditions brands through a strategic relationship with National Geographic.