Lindblad Expeditions (NASDAQ:LIND) Stock Price Up 4.8% – Still a Buy?

Lindblad Expeditions Holdings, Inc. (NASDAQ:LIND)’s stock price was up 4.8% on Wednesday . The stock traded as high as $9.76 and last traded at $9.73. Approximately 89,709 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 290,982 shares. The stock had previously closed at $9.28.

Analysts Set New Price Targets

Several brokerages recently issued reports on LIND. Stifel Nicolaus dropped their price objective on shares of Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, August 9th. B. Riley upped their price target on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Lindblad Expeditions has a consensus rating of “Moderate Buy” and a consensus target price of $13.25.

Lindblad Expeditions Stock Performance

The stock’s 50-day moving average is $9.06 and its two-hundred day moving average is $8.58. The stock has a market cap of $519.81 million, a PE ratio of -9.52 and a beta of 3.03.

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

Insider Activity

In other news, insider Noah Brodsky sold 14,344 shares of the company’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 of the company’s stock, valued at approximately $614,439. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Noah Brodsky sold 14,344 shares of the firm’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 completion of the transaction, the insider now directly owns 58,518 shares of the company’s stock, valued at $614,439. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Sven-Olof Lindblad acquired 32,117 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought 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 owns 11,825,063 shares of the company’s stock, valued at approximately $94,009,250.85. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 72,203 shares of company stock worth $549,922. 34.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LIND. Virtu Financial LLC bought a new stake in Lindblad Expeditions during the 4th quarter valued at $204,000. Pinnacle Associates Ltd. lifted its holdings in shares of Lindblad Expeditions by 1.0% in the first quarter. Pinnacle Associates Ltd. now owns 607,994 shares of the company’s stock valued at $5,673,000 after purchasing an additional 5,979 shares in the last quarter. Anchor Capital Management Company LLC boosted its position in Lindblad Expeditions by 127.1% during the 1st quarter. Anchor Capital Management Company LLC now owns 876,070 shares of the company’s stock worth $8,174,000 after acquiring an additional 490,370 shares during the period. Hunter Associates Investment Management LLC boosted its stake in shares of Lindblad Expeditions by 11.7% during the 1st quarter. Hunter Associates Investment Management LLC now owns 222,090 shares of the company’s stock valued at $2,072,000 after buying an additional 23,290 shares during the period. Finally, GSA Capital Partners LLP grew its stake in shares of Lindblad Expeditions by 241.9% in the 1st quarter. GSA Capital Partners LLP now owns 48,925 shares of the company’s stock valued at $456,000 after buying an additional 34,614 shares in 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.