Lindblad Expeditions (NASDAQ:LIND) Upgraded at StockNews.com

StockNews.com upgraded shares of Lindblad Expeditions (NASDAQ:LIND) from a hold rating to a buy rating in a report released on Wednesday.

Several other analysts have also commented on LIND. B. Riley boosted their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Stifel Nicolaus decreased their price target on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Craig Hallum boosted their price target on Lindblad Expeditions from $12.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Lindblad Expeditions currently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Stock Performance

Shares of NASDAQ:LIND traded up $1.43 during trading on Wednesday, hitting $13.14. 904,068 shares of the stock were exchanged, compared to its average volume of 166,920. The company’s fifty day simple moving average is $9.76 and its 200-day simple moving average is $8.82. The company has a market capitalization of $713.76 million, a price-to-earnings ratio of -12.76 and a beta of 3.02. Lindblad Expeditions has a 1-year low of $5.95 and a 1-year high of $13.32.

Lindblad Expeditions (NASDAQ:LIND) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $136.50 million during the quarter, compared to analyst estimates of $137.39 million. On average, research analysts forecast that Lindblad Expeditions will post -0.65 earnings per share for the current fiscal year.

Insider Buying and Selling at Lindblad Expeditions

In other Lindblad Expeditions news, CEO Sven-Olof Lindblad acquired 32,117 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was purchased at an average price of $7.95 per share, for a total transaction of $255,330.15. Following the transaction, the chief executive officer now owns 11,825,063 shares in the company, valued at $94,009,250.85. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Noah Brodsky sold 14,344 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total transaction of $150,612.00. Following the transaction, the insider now owns 58,518 shares of the company’s stock, valued at $614,439. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sven-Olof Lindblad purchased 32,117 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were purchased at an average cost of $7.95 per share, for a total transaction of $255,330.15. Following the purchase, the chief executive officer now directly owns 11,825,063 shares of the company’s stock, valued at $94,009,250.85. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 34.30% of the company’s stock.

Hedge Funds Weigh In On Lindblad Expeditions

Several large investors have recently made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Lindblad Expeditions by 49.6% during the third quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after acquiring an additional 1,722 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Lindblad Expeditions by 1.6% during the third quarter. Principal Financial Group Inc. now owns 1,688,549 shares of the company’s stock valued at $15,619,000 after acquiring an additional 26,647 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Lindblad Expeditions by 1.1% during the third quarter. Pinnacle Associates Ltd. now owns 602,015 shares of the company’s stock valued at $5,569,000 after acquiring an additional 6,267 shares during the period. Semanteon Capital Management LP acquired a new position in shares of Lindblad Expeditions during the third quarter valued at $222,000. Finally, SG Americas Securities LLC acquired a new position in shares of Lindblad Expeditions during the third quarter valued at $139,000. Institutional investors and hedge funds own 75.94% of the company’s stock.

Lindblad Expeditions Company Profile

Lindblad Expeditions Holdings, Inc provides marine expedition adventures and travel experience worldwide. It operates through Lindblad and Land Experiences segment. Lindblad segment provides ship-based expeditions aboard customized, nimble, and intimately-scaled vessels, which offers up-close experiences in the planet's wild and remote places, and capitals of culture; and offers expedition ship which is equipped with state-of-the-art tools for in-depth exploration with infrastructure and ports, such as Antarctica and the Arctic, and places that accessed by a ship comprising Galápagos Islands, Alaska, Baja California's Sea of Cortez and Panama, and foster engagement activities.