Lindblad Expeditions (NASDAQ:LIND) Short Interest Up 12.7% in April

Lindblad Expeditions (NASDAQ:LIND) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 4,339,949 shares, an increase of 12.7% from the March 31st total of 3,852,212 shares. Currently, 10.1% of the shares of the company are sold short. Based on an average daily trading volume, of 590,166 shares, the short-interest ratio is currently 7.4 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Oppenheimer assumed coverage on Lindblad Expeditions in a report on Monday, March 16th. They issued an “outperform” rating and a $25.00 price target for the company. Zacks Research downgraded Lindblad Expeditions from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Stifel Nicolaus upped their target price on Lindblad Expeditions from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lindblad Expeditions in a research note on Tuesday, April 21st. Finally, Benchmark upped their target price on Lindblad Expeditions from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lindblad Expeditions presently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Lindblad Expeditions Price Performance

Shares of LIND stock opened at $18.55 on Friday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -29.44 and a beta of 2.22. The stock has a 50 day simple moving average of $18.43 and a 200-day simple moving average of $15.86. Lindblad Expeditions has a 1-year low of $8.97 and a 1-year high of $21.59.

Lindblad Expeditions (NASDAQ:LIND) last announced its earnings results on Thursday, February 26th. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.32) by ($0.13). The firm had revenue of $183.18 million during the quarter, compared to analyst estimates of $167.66 million. Analysts anticipate that Lindblad Expeditions will post 0.06 earnings per share for the current fiscal year.

Insider Transactions at Lindblad Expeditions

In other Lindblad Expeditions news, Director Sven-Olof Lindblad sold 28,002 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $17.61, for a total value of $493,115.22. Following the completion of the transaction, the director directly owned 10,783,962 shares of the company’s stock, valued at approximately $189,905,570.82. The trade was a 0.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Benjamin Bressler sold 41,000 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $18.08, for a total value of $741,280.00. Following the completion of the transaction, the chief executive officer directly owned 23,466 shares of the company’s stock, valued at $424,265.28. The trade was a 63.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 762,452 shares of company stock worth $13,367,159 in the last ninety days. Corporate insiders own 34.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Lindblad Expeditions in the 3rd quarter valued at $35,000. Osaic Holdings Inc. raised its stake in Lindblad Expeditions by 58.1% in the 2nd quarter. Osaic Holdings Inc. now owns 3,597 shares of the company’s stock valued at $41,000 after purchasing an additional 1,322 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Lindblad Expeditions in the 4th quarter valued at $57,000. Royal Bank of Canada raised its stake in Lindblad Expeditions by 127.1% in the 4th quarter. Royal Bank of Canada now owns 4,494 shares of the company’s stock valued at $65,000 after purchasing an additional 2,515 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in Lindblad Expeditions by 222.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,802 shares of the company’s stock valued at $56,000 after purchasing an additional 3,311 shares during the last quarter. 75.94% of the stock is owned by institutional investors and hedge funds.

About Lindblad Expeditions

Lindblad Expeditions (NASDAQ: LIND) is a global leader in expedition cruising, specializing in immersive small-ship voyages to some of the world’s most remote and wildlife-rich regions. The company operates a fleet of purpose-built vessels designed to navigate challenging waters and shorelines, offering guests up-close encounters with natural environments such as the polar ice caps, the Galápagos Islands, Costa Rica’s rainforests and the waterways of Alaska, Patagonia and the Arctic.

Founded on the pioneering spirit of Lars-Eric Lindblad, regarded as the father of expedition travel, Lindblad Expeditions carries forward a legacy of discovery that dates back to the 1960s.