Lindblad Expeditions (NASDAQ:LIND) Rating Increased to Buy at StockNews.com

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

Other equities analysts have also recently issued reports about the stock. Craig Hallum lifted their price target on shares of Lindblad Expeditions from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus reduced their target price on Lindblad Expeditions from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, B. Riley boosted their target price on Lindblad Expeditions from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Lindblad Expeditions currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.25.

Lindblad Expeditions Trading Up 4.9 %

Lindblad Expeditions stock opened at $13.86 on Wednesday. The firm has a market capitalization of $755.43 million, a P/E ratio of -18.48 and a beta of 3.02. The business has a 50-day moving average of $9.90 and a 200-day moving average of $8.91. Lindblad Expeditions has a 1 year low of $5.95 and a 1 year high of $14.34.

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 company had revenue of $136.50 million for the quarter, compared to analyst estimates of $137.39 million. Research analysts anticipate that Lindblad Expeditions will post -0.56 EPS for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In related news, insider Noah Brodsky sold 14,344 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total value of $150,612.00. Following the sale, the insider now directly owns 58,518 shares of the company’s stock, valued at approximately $614,439. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Sven-Olof Lindblad acquired 32,117 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were bought at an average price 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 in the company, valued at approximately $94,009,250.85. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Noah Brodsky sold 14,344 shares of the stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $10.50, for a total transaction of $150,612.00. Following the completion of the sale, the insider now owns 58,518 shares of the company’s stock, valued at approximately $614,439. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 34.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Lindblad Expeditions

A number of hedge funds and other institutional investors have recently bought and sold shares of LIND. Assetmark Inc. raised its position in shares of Lindblad Expeditions by 49.6% in the third quarter. Assetmark Inc. now owns 5,191 shares of the company’s stock valued at $48,000 after purchasing an additional 1,722 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in Lindblad Expeditions in the 1st quarter valued at $95,000. Arizona State Retirement System bought a new position in Lindblad Expeditions during the 2nd quarter worth $101,000. SG Americas Securities LLC acquired a new stake in shares of Lindblad Expeditions during the third quarter worth $139,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Lindblad Expeditions in the first quarter valued at about $176,000. Institutional investors own 75.94% of the company’s stock.

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.