Lindblad Expeditions (NASDAQ:LIND) Sees Large Volume Increase

Shares of Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND) saw an uptick in trading volume on Tuesday . 331,623 shares were traded during trading, an increase of 15% from the previous session’s volume of 289,585 shares.The stock last traded at $10.37 and had previously closed at $10.51.

Analyst Ratings Changes

Several brokerages have recently weighed in on LIND. B. Riley lifted their target price on shares of Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Stifel Nicolaus lowered their price target on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Lindblad Expeditions Price Performance

The company has a market capitalization of $561.03 million, a P/E ratio of -10.20 and a beta of 3.03. The business’s 50-day moving average price is $9.21 and its two-hundred day moving average price is $8.52.

Lindblad Expeditions (NASDAQ:LIND) last released its quarterly earnings data on Thursday, August 8th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The firm had revenue of $136.50 million during the quarter, compared to analyst estimates of $137.39 million. Research analysts expect that Lindblad Expeditions Holdings, Inc. will post -0.59 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, insider Noah Brodsky sold 14,344 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $10.50, for a total value of $150,612.00. Following the sale, the insider now owns 58,518 shares in the company, valued at approximately $614,439. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Noah Brodsky sold 14,344 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the completion of the sale, the insider now directly owns 58,518 shares in the company, valued at approximately $614,439. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alex P. Schultz acquired 15,278 shares of the company’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $7.17 per share, for a total transaction of $109,543.26. Following the purchase, the director now directly owns 232,301 shares of the company’s stock, valued at $1,665,598.17. The disclosure for this purchase can be found here. Insiders bought 72,203 shares of company stock valued at $549,922 over the last three months. Company insiders own 34.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LIND. Ariel Investments LLC increased its holdings in shares of Lindblad Expeditions by 3.1% during the first quarter. Ariel Investments LLC now owns 8,877,212 shares of the company’s stock worth $82,824,000 after purchasing an additional 268,996 shares during the period. Vanguard Group Inc. grew its holdings in shares of Lindblad Expeditions by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 1,999,062 shares of the company’s stock worth $18,651,000 after purchasing an additional 31,921 shares in the last quarter. Principal Financial Group Inc. raised its stake in Lindblad Expeditions by 2.2% in the second quarter. Principal Financial Group Inc. now owns 1,661,902 shares of the company’s stock valued at $16,037,000 after purchasing an additional 36,307 shares in the last quarter. Anchor Capital Management Company LLC raised its position in shares of Lindblad Expeditions by 51.3% in the 2nd quarter. Anchor Capital Management Company LLC now owns 1,325,168 shares of the company’s stock valued at $12,788,000 after buying an additional 449,098 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in Lindblad Expeditions by 1.0% during the first quarter. Pinnacle Associates Ltd. now owns 607,994 shares of the company’s stock worth $5,673,000 after purchasing an additional 5,979 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

About Lindblad Expeditions

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.