Lindblad Expeditions (NASDAQ:LIND) Sets New 52-Week High – Should You Buy?

Lindblad Expeditions (NASDAQ:LIND) reached a new 52-week high on Friday. The stock traded as high as $35.49 and last traded at $34.6950, with a volume of 89475 shares. The stock had previously closed at $33.63.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LIND. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Jefferies Financial Group began coverage on shares of Lindblad Expeditions in a research note on Wednesday, September 9th. They issued a “hold” rating and a $29.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $30.00 target price on shares of Lindblad Expeditions in a research report on Thursday, September 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Friday, July 17th. Finally, Benchmark increased their price target on shares of Lindblad Expeditions from $25.00 to $34.00 and gave the company a “buy” rating in a report on Monday, June 29th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.00.

Lindblad Expeditions Trading Up 2.8%

The firm has a fifty day simple moving average of $29.66 and a 200 day simple moving average of $24.54. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -91.05 and a beta of 2.24.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.08. The company had revenue of $199.25 million for the quarter, compared to analyst estimates of $185.86 million. Lindblad Expeditions had a negative return on equity of 0.56% and a negative net margin of 2.08%. On average, equities analysts expect that Lindblad Expeditions will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Lindblad Expeditions

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Lindblad Expeditions in the 2nd quarter valued at $122,583,000. Principal Financial Group Inc. lifted its holdings in shares of Lindblad Expeditions by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,529,868 shares of the company’s stock worth $26,467,000 after acquiring an additional 46,955 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Lindblad Expeditions by 44.7% during 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 period. Bank of New York Mellon Corp acquired a new stake in shares of Lindblad Expeditions during the 2nd quarter valued at about $19,362,000. Finally, Dimensional Fund Advisors LP boosted its position 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 valued at $13,598,000 after acquiring an additional 291,776 shares in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.

About Lindblad Expeditions

Lindblad Expeditions Holdings, Inc is an expedition travel company that operates small-ship voyages and land-based adventures in environmentally and culturally significant destinations. Its trips emphasize exploration, education and conservation, and are designed to provide travelers with opportunities to observe wildlife, visit remote communities and learn from naturalists, historians and other expert guides.

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